All the other models we discussed until simulation appeared, used a given dataset. We analyzed the data using regression

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answerhappygod
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All the other models we discussed until simulation appeared, used a given dataset. We analyzed the data using regression

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All the other models we discussed until simulation appeared,
used a given dataset. We analyzed the data using regression
analysis, forecasting models, or optimization theory. However,
simulation offers us the chance to repeat an event as many times as
we wish. How important is this aspect when it comes to completing a
decision-making process?
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