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1. Explain why Simulation is used in place of Statistics or BIG DATA? 2. Simulation is said to be a way of creating Virtual Knowledge.

1. Explain why Simulation is used in place of Statistics or BIG DATA?

2. Simulation is said to be a way of creating Virtual Knowledge. Explain what this means. Refer to Inductive Reasoning in your discussion.

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1 Why Simulation is used in place of Statistics or BIG DATA Simulation is utilized in various scenarios where traditional statistical methods or big data analysis may not be feasible or appropriate He... blur-text-image

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