With reference to a spreadsheet model, an uncontrollable model input is known as a(n)
A)decision variable.
B)dummy variable.
C)parameter.
D)statistic.

Question

Quizplus · Accepted Answer

An uncontrollable model input is a parameter in a spreadsheet model. Parameters are fixed values that are assumed to be true and do not change during the analysis. Decision variables, on the other hand, are inputs that the user can control or change to optimize the model's output. Dummy variables are used in statistical analysis to represent categorical variables. Statistics are measures calculated from a sample data set to describe or infer characteristics of a population.

With Reference to a Spreadsheet Model, an Uncontrollable Model Input