BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The results of “what-if” questions asked repeatedly to determine the impact of changes in one or more variables on the outcomes are called ____
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Data modeling
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Classification
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Clustering
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Sensitivity Analysis
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Explanation:
Detailed explanation-1: -The results of “what-if” questions asked repeatedly to determine the impact of changes in one or more factors on the outcomes are called Sensitivity analysis.
Detailed explanation-2: -By answering the question, “What matters in this decision, ” sensitivity analysis helps identify elements of the decision situation that must be included in the model. If an input can vary widely without affecting the decision, then there is no need to model variation in that input.
Detailed explanation-3: -In sensitivity analysis of the following types of analysis, the value of only one variable is changed repeatedly, and the resulting changes on other variables are observed.
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