Static and Dynamic Models Differences Discussion

Part1: Excel is probably the most popular spreadsheet software for PCs. Why? What can we do with this package that makes it so attractive for modeling efforts?

Part2:Discussion Question 1: How does prescriptive analytics relate to descriptive and predictive analytics?


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Discussion Question 2: Explain the differences between static and dynamic models. How can one evolve into the other?

Discussion Question 3: What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty?

Discussion Question 4: Explain why solving problems under uncertainty sometimes involves assuming that the problem is to be solved under conditions of risk.

Exercise 4: Investigate via a web search how models and their solutions are used by the U.S. Department of Homeland Security in the “war against terrorism.” Also, investigate how other governments or government agencies are using models in their mission.

TextBook: Analytics, Data Science, & Artificial Intelligence 11th edition

Need 1page answer for Part1 question and Part2 all discussion questions 2 pages and exercise 1page, total : 4pages. No plagiarism and no copy and paste sentence directly from any website. if using online source then should Rephrase the sentence and cite them according to APA format (version 7) and mention the reference at end of document. Need 2 word documents for Part1 and 2. Need APA text citation for both parts.

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