sensitivity analysis definition

sensitivity analysis

Simulation analysis in which key quantitative assumptions and computations (underlying a decision, estimate, or project) are changed systematically to assess their effect on the final outcome. Employed commonly in evaluation of the overall risk or in identification of critical factors, it attempts to predict alternative outcomes of the same course of action. In comparison, contingency analysis uses qualitative assumptions to paint different scenarios. Also called what-if analysis.

sensitivity analysis is in the Decision Making, Problem Solving, & Strategy, Planning & Scheduling and Statistics, Mathematics, & Analysis subjects.

sensitivity analysis appears in the definitions of the following terms: analysis of alternatives (AOA), sensitivity chart, contingency analysis, what-if analysis and forecasting

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