Question: Prescriptive decision models help make trade - offs between greater rewards and risks of potential losses decision - makers identify the best solution to decision

Prescriptive decision models help
make trade-offs between greater rewards and risks of potential losses
decision-makers identify the best solution to decision problems
describe relationships and influence of various elements in the model.
make predictions of how demand is influenced by price.
Prescriptive decision models help make trade-offs between greater rewards and risks

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