A model without any simplifying assumptions:
a. excludes important predictive variables.
b. does not look like the real-world problem it is meant to address.
c. is highly complex and likely unworkable.
d. provides simplified solutions to complex problems.
e. is very helpful for solving tough, real-world problems.

Question

29-01-2018
Business

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A model without any simplifying assumptions:
a. excludes important predictive variables.
b. does not look like the real-world problem it is meant to address.
c. is highly complex and likely unworkable.
d. provides simplified solutions to complex problems.
e. is very helpful for solving tough, real-world problems.

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andriansp andriansp · Answer 1 · 2018-02-09T18:06:54+01:00

The answer is C.: Is highly complex and likely unworkable
The simplifying assumption is a method that helps us to understand a certain complex system on a much more simpler point of view.
The purpose of creating a model is to make a smaller prototype of an actual system, not the ystem itself. (for example, in a model of Galaxy, it won't include the complex gravitational pulling between the planets)