The deterministic (non-simulation)approach,using best guesses for the uncertain inputs,is
A)better to use in complicated real-world applications.
B)a good estimate of what the answer will be using a simulation approach.
C)generally not the appropriate model.
D)the preferred approach when there is correlation between input variables.

Question

Quizplus · Accepted Answer

Deterministic models, which use fixed input values, often do not capture the full range of possibilities and uncertainties inherent in real-world scenarios, making them generally not the most appropriate for complex applications where variability and uncertainty are significant.

The Deterministic (Non-Simulation)approach,using Best Guesses for the Uncertain Inputs,is