Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes.

Question

Quizplus · Accepted Answer

The statement is true. Sensitivity analysis involves evaluating how changes in certain variables or parameters in a model affect the outcomes or results of the model. It helps to identify the most sensitive (important) factors in the model and provides insights into how much uncertainty there is in the model’s predictions.

Sensitivity Analysis Is a Technique for Systematically Changing Parameters in a Model