A mathematical model refers to the use of mathematical equations or formulas to generate information through simulation. Using a mathematical model in Management Information Systems (MIS) is common to efficiently process the data and information. Discuss the reasons why the mathematical model is useful and identify the different categories of a mathematical model.

Fundamentals of Information Systems
8th Edition
ISBN:9781305082168
Author:Ralph Stair, George Reynolds
Publisher:Ralph Stair, George Reynolds
Chapter7: Knowledge Management And Specialized Information Systems
Section: Chapter Questions
Problem 13SAT
icon
Related questions
Question
1.
A mathematical model refers to the use of mathematical equations or formulas
to generate information through simulation. Using a mathematical model in
Management Information Systems (MIS) is common to efficiently process the
data and information. Discuss the reasons why the mathematical model is useful
and identify the different categories of a mathematical model.
Transcribed Image Text:1. A mathematical model refers to the use of mathematical equations or formulas to generate information through simulation. Using a mathematical model in Management Information Systems (MIS) is common to efficiently process the data and information. Discuss the reasons why the mathematical model is useful and identify the different categories of a mathematical model.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Research
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Fundamentals of Information Systems
Fundamentals of Information Systems
Computer Science
ISBN:
9781305082168
Author:
Ralph Stair, George Reynolds
Publisher:
Cengage Learning