Answered: Discuss the importance of a model being…

Name: Discuss the importance of a model being well documented.
Uploaded: 2024-03-20T06:38:44.000Z
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Description: Discuss the importance of a model being well documented.

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter4: Eigenvalues And Eigenvectors

Section4.6: Applications And The Perron-frobenius Theorem

Problem 39EQ

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Discuss the importance of a model being well documented.

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Spreadsheet models are an important tool for many different areas and calculations like budget, risk optimization, transportation, etc. Spreadsheet models are used for mathematical calculations to receive accurate results and also they are easy to understand and use. While the answers in the spreadsheet model are accurate mathematically they cannot be considered accurate in the practical scenario because the spreadsheet model cannot include certain practical factors that act on the calculation.

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