Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)
Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)
8th Edition
ISBN: 9781305947412
Author: Cliff Ragsdale
Publisher: Cengage Learning
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Chapter 1, Problem 17QP
Summary Introduction

To provide: An example for a mental model and identify the dependent and independent variables.

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Is the model an accurate representation of reality?
What are some of the assumptions that go into predictive analytics?   What would happen if these assumptions are violated?
What is a mental model?  What happens when the user's mental model differs from the designer's intended conceptual model? Should the mental model match the model of the underlying system?  Why or why not? How it can be improved?
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