Asked by Karen Montenegro on Jul 13, 2024
Verified
An analysis which combines scenario analysis with sensitivity analysis is called _____ analysis.
A) Forecasting.
B) Scenario.
C) Sensitivity.
D) Simulation.
E) Break-even.
Simulation Analysis
A method used in risk management that uses statistical models to predict the outcome of a decision under conditions of uncertainty.
- Discern the methods and implications of scenario, sensitivity, and simulation analysis in scrutinizing project results.
Verified Answer
MN
Moosa Nayeem MohammedJul 19, 2024
Final Answer :
D
Explanation :
Simulation analysis combines scenario and sensitivity analyses by examining how changes in key variables affect the outcome of a model.
Learning Objectives
- Discern the methods and implications of scenario, sensitivity, and simulation analysis in scrutinizing project results.
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