Which of the following categories of modeling techniques involves determining the value of a dependent variable based on specific values of independent variables?
A) Biased models.
B) Descriptive models.
C) Predictive models.
D) Prescriptive models.

Question

Quizplus · Accepted Answer

Predictive models involve determining the value of a dependent variable based on specific values of independent variables. Biased models involve a predetermined bias or assumption, descriptive models provide information or summary about data, and prescriptive models provide recommendations for actions to be taken.

Which of the Following Categories of Modeling Techniques Involves Determining