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Analytics and Empirical ModelingEssay Preview: Analytics and Empirical ModelingReport this essayMGT 6503 Exam II Study Guide Topic: Analytics and Empirical ModelingRead: Class Handout (Part I) HAN, CHRIS, CARSON1. What are the two approaches that you can use to estimate the payoff from pursuing an MBA? What are the advantages and disadvantages of the two approaches?Cross-sectional Analysis.