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Major difference between waterfall and iterative model is that waterfall model has a linear process in which full product is available after the last phase, while incremental model full product is available after several such phases.

waterfall model is good when we have a clear understanding of requirements.

Incremental model is good when we have to deliever the final product wihin certain timeline and we have very less number of programmers available to complete the product in time, so basic idea is to deliever a working partial product within time and provide it's additional functionalities later.

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