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SPREADSHEET MODELING FOR DECISION MAKING AND ANALYSIS. EXAM QUESTIONS AND CORRECT ANSWERS. VERIFIED 2025/2026.

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SPREADSHEET MODELING FOR DECISION MAKING AND ANALYSIS. EXAM QUESTIONS AND CORRECT ANSWERS. VERIFIED 2025/2026.

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SPREADSHEET MODELING FOR
DECISION MAKING AND ANALYSIS.
EXAM QUESTIONS AND CORRECT
ANSWERS. VERIFIED 2025/2026.




Spreadsheet Modeling - ANS Creating abstract representations for decision-making scenarios.


Decision Model - ANS Generalization of relationships between inputs and outputs.


Deterministic Model - ANS Model with known parameters; outputs fully determined.


Stochastic Model - ANS Model incorporating randomness; outputs vary with inputs.


Inputs - ANS Variables manipulated to affect target outputs.


Outputs - ANS Outcome values of a decision we wish to know.


Processes - ANS Calculations linking inputs with outputs in models.


What-if Analysis - ANS Evaluating outcomes by changing input variables.


Spreadsheet Engineering - ANS Designing, constructing, and testing spreadsheet models.

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