What is the usefulness of a model when it ignores so much of what goes on in

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What is the usefulness of a model when it ignores so much of what goes on in the real world?

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Principles of Money Banking and Financial Markets

ISBN: 978-0321339195

12th edition

Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell

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Question Posted: Mar 06, 2018 09:30 AM

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What is the usefulness of a model when it ignores so much of what goes on in

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Dropping detail is necessary to make the model manageable and ...View the full answer

Principles of Money Banking and Financial Markets

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