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The assumption method is a technique used in various fields, including finance, economics, and research, where certain conditions or variables are assumed to be true for the purpose of analysis or modeling. This method helps simplify complex problems by allowing analysts to focus on key factors while ignoring less critical elements. However, the validity of the conclusions drawn from this method heavily depends on the accuracy of the assumptions made. If the assumptions are flawed, the results may not accurately reflect reality.

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1mo ago

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Related Questions

Which of the following is not an assumption that is to the scientific method?

Empiricality


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Predictability


Method of proof starting with false assumption?

Induction


What is basic assumption in using the single point formula?

the basic assumption of single point method method is that the value of absorptivity and "b" remain constant for both standard and the sample.


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One major disadvantage of the viable plate count is the assumption that each colony arises from one cell.


Assume the truth of a thing to be proved?

Assuming the truth of something to be proved is known as beggining the proof using the assumptive method in logic. This method helps establish the validity of a statement by starting with the assumption that it is true and then deriving logical consequences from that assumption. However, it is important to later verify that the assumption leads to a valid conclusion through rigorous proof.


Which is not a key assumption to the Scientific Method?

EmpiricalityThe assumption that I am still alive is not critical to scientific notation.


Describe different ways that a function can handle errors?

There are two ways. The method can have a try catch block and handle the error/exception inside the method. Or The method can throw the exception under the assumption that the calling method would have the code to handle the exception that is thrown by this method


The inventory costing method that is based on the assumption that costs should be charged against revenue in the order in which they were incurred is?

FIFO


What is lower inventory cost?

Are you asking for the method of the lower inventory cost? If so it would be the Lifo method using the assumption that in the rising price economy you paid more for the goods that were brought in last.


Whcih of the following is a key assumption of the scientific method?

A key assumption of the scientific method is that the natural world is consistent and predictable, allowing for observations and experiments to yield reliable results. This means that phenomena can be tested and understood through empirical evidence and reproducible experiments. Additionally, it assumes that all scientific claims can be challenged and revised based on new evidence.


How do you create your own theoretical assumption?

Theoretical assumption is the first step of the scientific method of proof, cause and effect. Your observations allow you to make assumptions and collecting empirical data can give you the proof. Thereby changing your theorem to accepted fact, practical data.