The analyst waited anxiously at his computer and finally the answer appeared - he would need 57 chickens to fund his retirement plan.Still, he had some nagging doubts about some assumptions he had made and he wondered how much faith he should put into the answer of 57.In order to test how reliable the figure 57 is, the analyst varied a number of parameters in the model and ran multiple tests for each set of input data.Each time, the model suggested he acquire 57 chickens - sometimes one more or one less, but never more than one chicken either side of 57.We could describe the solution as
A)correct.
B)static.
C)parametric.
D)robust.

Question

Quizplus · Accepted Answer

The fact that the solution remains consistent and falls within a narrow range even when input parameters are varied suggests that it is robust, meaning it is not overly sensitive to changes in the model inputs.

The Analyst Waited Anxiously at His Computer and Finally the Answer