A _____________ models considers time as one of the important variable.
A. Static Models
B. Dynamic Models
C. Both A and B
D. None of the above
Answer: Option B
Solution(By Examveda Team)
A Dynamic Models considers time as one of the important variable. Dynamic models are generally models that contain or depend upon an element of time, especially allowing for interactions between variables over time. A separate idea with the same name is models that are updated over time with new data. In the case of Systems Dynamics, we often have variables that are looped.This Question Belongs to Management >> Operations Research
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