What type of analysis should be used to respond to the statement, "Let's cut advertising by $1000 repeatedly so we can see its relationship to sales"?
A) Goal-seeking
B) Optimization
C) Sensitivity
D) What-if

Question

Quizplus · Accepted Answer

Sensitivity analysis is used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions, such as repeatedly cutting advertising to see its impact on sales.

What Type of Analysis Should Be Used to Respond to the Statement