Please original work Describe the key steps involved in the modeling process: problem definition, data collection, model formulation, validation, implementation, and refinement. Talk about why each step is critical to ensuring the accuracy and reliability of the model. What are some real-world business example of a problem, and describe how the modeling process could be applied to address it using DSS. Please cite in text references and add weblinks

Oracle 12c: SQL
3rd Edition
ISBN:9781305251038
Author:Joan Casteel
Publisher:Joan Casteel
Chapter1: Overview Of Database Concepts
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Describe the key steps involved in the modeling process: problem definition, data collection, model formulation, validation, implementation, and refinement.

Talk about why each step is critical to ensuring the accuracy and reliability of the model.

What are some real-world business example of a problem, and describe how the modeling process could be applied to address it using DSS.

Please cite in text references and add weblinks

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