Simulation is a powerful blend of quantitative and qualitative analysis.

Question

Quizplus · Accepted Answer

Simulation involves the use of mathematical models to quantitatively predict the behavior of a system, while also incorporating qualitative factors and assumptions to create a more realistic representation of reality. This combination of both quantitative and qualitative analysis makes simulation a powerful tool for decision-making and problem-solving in a wide range of fields.

Simulation Is a Powerful Blend of Quantitative and Qualitative Analysis