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Questions and Answers
What is the primary purpose of using an analytic model?
What is the primary purpose of using an analytic model?
- To add confusion to decision-making processes
- To complicate decision-making processes
- To simplify complex decision-making processes (correct)
- To delay decision-making processes
Why is providing a figure to show model structure recommended?
Why is providing a figure to show model structure recommended?
- To confuse the decision-making process
- To make the model harder to understand
- To distract from the model's actual purpose
- To make the model easier to understand (correct)
What happens if a wrong analytic model is used for a specific type of decision?
What happens if a wrong analytic model is used for a specific type of decision?
- It confuses the decision-making process (correct)
- It simplifies the decision-making process
- It delays the decision-making process
- It has no impact on the decision-making process
What is the potential outcome of not using an analytic model for complex decisions?
What is the potential outcome of not using an analytic model for complex decisions?
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What is the purpose of reporting the dates of estimated resource quantities and unit costs?
What is the purpose of reporting the dates of estimated resource quantities and unit costs?
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Why is it important to adjust estimated unit costs to the year of reported costs if necessary?
Why is it important to adjust estimated unit costs to the year of reported costs if necessary?
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What is the potential impact of not adjusting estimated unit costs to the year of reported costs?
What is the potential impact of not adjusting estimated unit costs to the year of reported costs?
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What is the benefit of describing methods for adjusting estimated unit costs to the year of reported costs?
What is the benefit of describing methods for adjusting estimated unit costs to the year of reported costs?
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