Question: A mathematical model refers to the use of mathematical equations or formulas to generate information through simulation. Using a mathematical model in Management Information

A mathematical model refers to the use of mathematical equations or formulas

A mathematical model refers to the use of mathematical equations or formulas to generate information through simulation. Using a mathematical model in Management Information Systems (MIS) is common to efficiently process the data and information. Discuss the reasons why the mathematical model is useful and identify the different categories of a mathematical model.

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