Model 05
Model 05 : (ICT) A model allows you to try out different scenarios to see what would happen if you made a change without any of the risks of actually having to do them in real life. A model tries to be as close as possible to the real-life situation but its accuracy depends on how carefully it was built. Models can be as simple as a basic spreadsheet or as complex as one used by the Chancellor of the Exchequer to test out possible changes for the Budget
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