A trial-and-error approach to learning about the range of possible outputs for a model is known as
A)what-if analysis.
B)worst-case scenario analysis.
C)static simulation modeling.
D)base-case scenario.

Question

Quizplus · Accepted Answer

A trial-and-error approach to learning about the range of possible outputs for a model is known as what-if analysis. Therefore, choice A is the correct option. Option B is incorrect as worst-case scenario analysis is a process of examining a hypothetical scenario where things go as wrong as possible. Option C is incorrect as static simulation modeling is a method of using software to create a static representation of a system, process or phenomenon. Option D is incorrect as the base case is the scenario or model to which other scenarios or models can be compared.

A Trial-And-Error Approach to Learning About the Range of Possible