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Economics

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What determines whether a simulation models is valid?

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The simulation model is valid only if the model is an accurate representation of the actual system, else it is invalid. ... If the comparison is true, then it is valid, else invalid. Verification is the process of comparing two or more results to ensure its accuracy.

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Answer:

The simulation model is valid only if the model is an accurate representation of the actual system, else it is invalid. ... If the comparison is true, then it is valid, else invalid. Verification is the process of comparing two or more results to ensure its accuracy.

Explanation:

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