Question

Inputs to a quantitative model
a. are a trivial part of the problem solving process.
b. are uncertain for a stochastic model.
c. are uncontrollable for the decision variables.
d. must all be deterministic if the problem is to have a solution.

Answer 1

Answer:B. ARE UNCERTAIN FOR A STOCHASTIC MODEL.

Explanation:Stochastic model is a financial business model, often used by Business organisations to determine which financial decisions to make.

A stochastic model can also be described as a tool for evaluating the probability distributions of potential outcomes of certain events by giving room for random variation in one or more inputs per time. The random variation used in Stochastic model is usually relies on changes observed in historical data for a specific period of time using standard time-series techniques.

INPUT TO A QUANTITATIVE MODEL ARE UNCERTAIN FOR A STOCHASTIC MODEL.