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Statistical model applicable when product demand or any other variable is not known but can be specified by means of a probability distribution is referred as A. a robust model. B. the EOQ. C. a probabilistic
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Statistical model applicable when product demand or any other variable is not known but can be specified by means of a probability distribution is referred as

A. a robust model.
B. the EOQ.
C. a probabilistic model.
D. a quantity discount model.

User Riezebosch
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Answer:

C. a probabilistic model.

Step-by-step explanation:

This is a short definition of "probabilistic model"

User Tammy
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