Which of the following type of model is used when an appropriate equation or system of equations can be developed to represent the system?
A)Simulation model
B)Analytical model
C)Heuristic model
D)Spreadsheet model

Question

Quizplus · Accepted Answer

An analytical model is based on mathematical equations and can be used when there is a clear understanding of the relationships between the variables in the system. It is the best choice for representing a system when an appropriate equation or system of equations can be developed.

Which of the Following Type of Model Is Used When