Question: 1 . The objectives of a modeling exercise. 2 . The validity of the model for the purpose to which it is to be put.

1. The objectives of a modeling exercise. 2. The validity of the model for the purpose to which it is to be put. 3. The validity of the data to be used. 4. Possible errors can arise if the model or its parameters are not a perfect representation of the real-world situation being modelled. 5. The impact of correlation between the random variables that drive the model. 6. The extent of correlation between the various results produced from the model. 7. The current relevance of the model written and used in the past. 8. The credibility of the data input. 9. The credibility of the results output. 10. That dangers of spurious accuracy. 11. The ease with which the model and its results can be communicated.

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