What is a model identify some of the basic characteristics, Finance Basics

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What is a model identify some of the basic characteristics

1. What is a model? Identify some of the basic characteristics of a model. List some of the benefits associated with the usage of mathematical models in system analysis. What are some of the problems/concerns?

2. What is meant by sensitivity analysis? What are some of the objectives of performing a sensitivity analysis? Benefits?

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Finance Basics: What is a model identify some of the basic characteristics

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