Showing posts with label Issues in Modeling. Show all posts
Showing posts with label Issues in Modeling. Show all posts

Tuesday, October 28, 2014

List And Describe The Major Issues in Modeling

List and describe the major issues in modeling:
  • Problem identification and environmental analysis (information collection)
  • Variable identification
    • Influence diagrams, cognitive maps
  • Forecasting/predicting
    • More information leads to better prediction
  • Multiple models: A MSS can include several models, each of which represents a different part of the decision-making problem
    • Categories of models 
  • Model management