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1. Which of the following characteristics implies that a quantitative model is probabilistic in nature? point The fact that it uses random variables The fact that it uses an exponential function The fact that it measures time in discrete steps The fact that it is based on theory rather than data 12. What essential information can a probabilistic model provide, that a deterministic model can't? point It can include a range of uncertainty for the model output t can provide a more accurate measure of the output It can deal with larger amounts of data It can be used with both discrete and continuous variables 1. Which of the following characteristics implies that a quantitative model is probabilistic in nature? point The fact that it uses random variables The fact that it uses an exponential function The fact that it measures time in discrete steps The fact that it is based on theory rather than data 12. What essential information can a probabilistic model provide, that a deterministic model can't? point It can include a range of uncertainty for the model output t can provide a more accurate measure of the output It can deal with larger amounts of data It can be used with both discrete and continuous variables