Which two random variables are typically simulated as inputs in bidding models?
A)Number of bidding competitors and bid amount
B)Number of bidding competitors and bid profit
C)Individual bid amounts and net bidding profits
D)Mean number of bidding competitors and net bidding profit

Question

Quizplus · Accepted Answer

In bidding models, the number of bidding competitors and bid amount are typically simulated as inputs to understand the competitive landscape and determine optimal bidding strategies.

Which Two Random Variables Are Typically Simulated as Inputs in Bidding