Question: There are many business applications with linear functions and non-linear functions. Some people think that linear models are particularly of interest due to their simplicity

There are many business applications with linear functions and non-linear functions. Some people think that linear models are particularly of interest due to their simplicity and convenience, but some people believe that nonlinear models can simulate business operations better in practice, enabling business professionals to make more accurate decisions.

Do you agree or disagree? Why? Evidence provided to support your arguments.

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I agree that both linear and nonlinear models are useful in business applications Linear models offer the advantage of simplicity and convenience allowing for quick and straightforward predictions Mea... View full answer

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