A first step in determining how well a model fits reality is to:
A) check whether the inputs are correct
B) see if the sensitivity analysis is correct
C) check whether the model is valid for the current situation
D) try some what-if scenarios to see if the model is able to obtain solutions

Question

A first step in determining how well a model fits reality is to:
A) check whether the inputs are correct 
B) see if the sensitivity analysis is correct 
C) check whether the model is valid for the current situation 
D) try some what-if scenarios to see if the model is able to obtain solutions

Quizplus · Accepted Answer

Checking whether the model is valid for the current situation is the first step in determining how well the model fits reality. This involves assessing whether the model's assumptions and simplifications are appropriate for the specific context in which it is being applied. The other options (A, B, and D) may be useful in further evaluating the model, but they are not the initial step in assessing its fit with reality.

A First Step in Determining How Well a Model Fits