Must a model accurately represent every detail of a decision situation to be useful? Why or why

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Must a model accurately represent every detail of a decision situation to be useful? Why or why not?

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Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

ISBN: 978-0324656633

5th edition

Authors: Cliff T. Ragsdale

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Question Posted: Jan 11, 2013 02:53 AM

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Must a model accurately represent every detail of a decision situation to be useful? Why or why

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No it is not necessary that model accurately represent every detail of a decision is useful One mod...View the full answer

Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

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