What is a decision model? Why is it important to business? What are the three types of inputs common to decision models?

Please use this as 1 of the references

Evans, J. R. (2013). Statistics, data analysis, and decision modeling (5th ed.). Upper Saddle River, NJ: Prentice Hall.

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What is a decision model? Why is it important to business? What are the three types of inputs common to decision models?

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Related Model Questions

groups of factors that impact the results of consumer behaviour projects. Internal factors are consumer’s memories, families, preferences, and other factors that are exceptionally personal

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