Question: 1) Testing the data and model should be done before the results have been analyzed. 1) _______ 2) Trying various approaches and picking the one
1) Testing the data and model should be done before the results have been analyzed. 1) _______
2) Trying various approaches and picking the one that results in the best decision is called
A) algorithmic approximation.
B) incomplete enumeration.
C) the trial-and-error method.
D) sensitivity analysis.
E) complete enumeration.
3) EVPI (expected value of perfect information) is a measure of the maximum EMV as a result of additional information. 3) ______
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