Question: 1. Distinguish between a static model and a dynamic model. 2. Briefly describe three of the seven categories of models. 3. What is an influence

1. Distinguish between a static model and a dynamic model.

2. Briefly describe three of the seven categories of models.

3. What is an influence diagram? Name a benefit of influence diagrams.

4. Distinguish between decision making under certainty, risk, and uncertainty.

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