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.

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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.
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