Which of the following analyses involves making hypothetical changes to the data associated with a problem and observing how the
se changes influence the results? Select one: a. predictive analysis b. linear regression analysis c. what-if analysis d. multivariate analysis e. time-series analysis
The correct answer is letter "C": what-if analysis.
Explanation:
A what-if analysis is a study an individual or company makes about a certain number of events where variables are changed to determine what the outputs would be. This approach is normally implemented when there is limited information from where to make a concise decision. Then, individuals have to outline all the possible results to find out what their risks are.
Software like Microsoft Office Excel facilitates the implementation of what-if analysis.
