The name for a variety of methods used to examine how an amount will change if factors involved in predicting that amount change is:

Question

Quizplus · Accepted Answer

Sensitivity analysis is specifically designed for examining how changes in factors involved in predicting an amount will affect that amount. What-if analysis and factor analysis are more general terms that can refer to various types of analysis. Cost analysis and profit analysis both focus on examining costs and profits, respectively, rather than examining how changes in factors will affect these amounts. Therefore, sensitivity analysis is the best choice for the given description.

The Name for a Variety of Methods Used to Examine