Which of the following analyses involves making hypothetical changes to the data associated with a problem and observing how these changes influence the results?
A) predictive analysis
B) time-series analysis
C) linear regression analysis
D) what-if analysis
E) multivariate analysis

Question

Quizplus · Accepted Answer

What-if analysis involves changing the data inputs of a problem to observe how the changes affect the results. This type of analysis is often used in decision-making processes to explore different scenarios and evaluate potential outcomes. Predictive analysis involves forecasting future outcomes based on historical data, time-series analysis involves analyzing patterns in data over time, linear regression analysis involves examining the relationship between two variables, and multivariate analysis involves analyzing the relationship between multiple variables.

Which of the Following Analyses Involves Making Hypothetical Changes to the Data