Which type of model asks what-if questions repeatedly to determine the impact on outcomes of changes in one or more factors?
A)optimization
B)sensitivity analysis
C)statistical
D)forecasting

Question

Quizplus · Accepted Answer

Sensitivity analysis is a type of model that determines the impact on outcomes of changes in one or more factors by asking what-if questions repeatedly. Optimization models seek to find the best solution given a set of constraints, statistical models use statistical techniques to analyze relationships between variables, and forecasting models try to predict future outcomes based on historical data.

Which Type of Model Asks What-If Questions Repeatedly to Determine