______ is the process of ensuring that the model is reasonably robust and an accurate reflection of the real-world system that is being used.
a. Model verification
b. Validation
c. Model formulation
d. Experimentation
b. Validation
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Mark owns a 24-hour convenience store. Lately he has noticed that the liquor inventory purchases have gone up by huge amounts, although sales proceeds from this category haven't increased. He suspects his two night-shift employees. Which is the best investigative method to uncover such a fraud?
a. Electronic investigation b. Conversion investigation c. Inquiry investigation d. Concealment investigation
The mathematical results of Business Analytics are used to automate decision making and eliminate the decision maker.
Answer the following statement true (T) or false (F)
Which of the following describes the time value of money?
A) The time value of money has no effect on the timing of capital investments. B) Money loses its purchasing power over time through inflation. C) The fact that invested cash may not earn interest over time is called the time value of money. D) A dollar received today is worth more than a dollar to be received in the future.
The purpose of the AutoFilter function is to help you quickly focus on only the information that is important by _____ the information that is not.
Fill in the blank(s) with the appropriate word(s).