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(a) What is the distinction between Real World and the Model Word. Illustrate with an example. (b) Why it is important to note that when

(a) What is the distinction between Real World and the Model Word. Illustrate with an example.

(b) Why it is important to note that when we interpret the model world, we are wearing the modelling spectacles? Discuss.

(c) What a black box model represent in a modelling process?

(d) What is an influence chart/diagram and what are some benefits of using influence diagram in business modelling process?

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