Multiple Choice
What is optimization?
A) a statement about what will happen or might happen in the future; for example, predicting future sales or employee turnover
B) a statistical process that finds the way to make a design, system, or decision as effective as possible; for example, finding the values of controllable variables that determine maximal productivity or minimal waste
C) predictions based on time-series information
D) a statistical process for estimating the relationships among variables
Correct Answer:
Verified
Correct Answer:
Verified
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