When performing sensitivity analysis:? A) statistical methods should not be empl

Question

When performing sensitivity analysis:? A) statistical methods should not be employed. B) electronic spreadsheets can save time. C) assumptions should be changed one at a time. D) all of the above. E) B & C. When performing sensitivity analysis:? A) statistical methods should not be employed. B) electronic spreadsheets can save time. C) assumptions should be changed one at a time. D) all of the above. E) B & C. When performing sensitivity analysis:? A) statistical methods should not be employed. B) electronic spreadsheets can save time. C) assumptions should be changed one at a time. D) all of the above. E) B & C.

Explanation / Answer

Solution.

E) B & C

One of the simplest and most common approaches is that of changing one-factor-at-a-time (OFAT or OAT), to see what effect this produces on the output. OAT customarily involves

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