Scenario analysis is a superficial approach to forecasting that seeks to explore possible developments that many only be connected to the past.

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Scenario analysis is a more in-depth approach to forecasting. It draws on a range of disciplines and interests, among them economics, psychology, sociology, and demographics. It does not rely on extrapolation of historical trends. Rather, it seeks to explore possible developments that may only be connected to the past.

Scenario Analysis Is a Superficial Approach to Forecasting That Seeks