1. Explain why Simulation is used in place of Statistics or BIG DATA? 2. Simulation is said...

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1. Explain why Simulation is used in place of Statistics or BIG DATA?

2. Simulation is said to be a way of creating Virtual Knowledge. Explain what this means. Refer to Inductive Reasoning in your discussion.

Related Book For answer-question

Elementary Linear Algebra with Applications

ISBN: 978-0471669593

9th edition

Authors: Howard Anton, Chris Rorres

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Posted Date: Mar 14, 2024 02:16 PM

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1. Explain why Simulation is used in place of Statistics or BIG DATA? 2. Simulation is said...

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1 Why Simulation is used in place of Statistics or BIG DATA Simulation is utilized in various scenarios where traditional statistical methods or big data analysis may not be feasible or appropriate He... View the full answer

Elementary Linear Algebra with Applications

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