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3. Validation is a critical step in the development of a simulation model. In this step: We seek to replicate already known relationships between outputs
3. Validation is a critical step in the development of a simulation model. In this step:
We seek to replicate already known relationships between outputs and inputs
We seek to generate more than 95 percent confidence in the models
We increase the number of trials as required to achieve desired confidence
We bring in third party observers and consultants to certify the model
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