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Management · Q144

Management Information System (MIS)

Graduate and Post Graduate · Management · question 144

Q144

The results of "what-if" questions asked repeatedly to determine the impact of changes in one or more factors on the outcomes are called__________________.

A.
Data modeling
B.
Forecasting
C.
Classification clusters
D.
Sensitivity analysis
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
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. Sensitivity analysis is the study of how the uncertainty in the output of a mathematical model or system can be divided and allocated to different sources of uncertainty in its inputs.