Sensitivity analysis uses mathematical models to model consumer acceptance of a new product based on the features that are included.

Question

Quizplus · Accepted Answer

Sensitivity analysis is a technique used to determine how different values of an independent variable will impact a particular dependent variable under a given set of assumptions. It is commonly used in finance, engineering, and environmental studies rather than modeling consumer acceptance of new products based on features.

Sensitivity Analysis Uses Mathematical Models to Model Consumer Acceptance of a New