The term "sensitivity analysis" is most closely associated with:
A)maximax.
B)maximin.
C)decision making under risk.
D)minimax regret.
E)Laplace criterion.

Question

Quizplus · Accepted Answer

Sensitivity analysis is a technique used in decision making under risk to evaluate how the different values of an independent variable affect a particular dependent variable under a given set of assumptions. This process is crucial for assessing the robustness of the decisions made in the face of uncertainty.

The Term "Sensitivity Analysis" Is Most Closely Associated With