A series of steps or procedures that are repeated is known as an algorithm.
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Q6: Model variables can be controllable or uncontrollable.
Q7: A parameter is a measurable quantity that
Q8: Sensitivity analysis helps us estimate the effect
Q9: A mathematical model shows the relationship between
Q10: Decision variables may also be called parameters.
Q12: Descriptive Analytics is aimed at forecasting future
Q13: A model is a representation of a
Q14: Business Analytics is a data-driven approach to
Q15: Managers do not need to be familiar
Q16: All problems can be solved by considering
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