Question
QUESTION 3 In the context of operations research and decision making, which of the following statements is FALSE? OA Stochastic models in OR explicitly represent
QUESTION 3 In the context of operations research and decision making, which of the following statements is FALSE? OA Stochastic models in OR explicitly represent uncertain data via random variables or stochastic processes. OB Predictive analytics use optimization and simulation algorithms to advise on possible outcomes OC Operation research (OR) is a quantitative approach to decision making based on the scientific method of problem solving OD Markov decision processes, simulation, queuing theory are the most common techniques of OR O E Descriptive analytics use data aggregation and data mining to provide insight into the past.
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