Using a rule of thumb approach to come up with a set of estimates for a project can best be described as which decision making model?Question 80AnswerSelect one:a.Simons decision making modelb.What if Analysisc.Trial and errord.Heuristicse.Simulation
Question
Using a rule of thumb approach to come up with a set of estimates for a project can best be described as which decision making model?Question 80AnswerSelect one:a.Simons decision making modelb.What if Analysisc.Trial and errord.Heuristicse.Simulation
Solution
Using a rule of thumb approach to come up with a set of estimates for a project can best be described as which decision making model?
d. Heuristics
Explanation:
Heuristics are simple, efficient rules, learned or hard-coded by evolutionary processes, that have been proposed to explain how people make decisions, come to judgments, and solve problems, typically when facing complex problems or incomplete information. They are essentially mental shortcuts or "rules of thumb" that simplify decision-making.
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