The first step in solving a problem involving searching for the lowest price or intergenerational giving is to use
A) backward induction
B) backward discounting
C) forward deduction

Question

Quizplus · Accepted Answer

Backward induction is a method used in decision making where you start with the goal (in this case, finding the lowest price or determining intergenerational giving) and work backwards to determine the best course of action to achieve that goal.

The First Step in Solving a Problem Involving Searching for the Lowest