Question: Agree? Disagree and Why? A Sensitivity analysis also known as a what-if analysis helps with the understanding of how different values of independent variables will
Agree? Disagree and Why?
A Sensitivity analysis also known as a what-if analysis helps with the understanding of how different values of independent variables will affect a dependent variable within given constraints. Sensitivity analysis are generally used when a dependent variable is within a certain barrier that possess one or more input variables. When needing to make a prediction, conducting a sensitivity analysis can be extremely helpful as youre able to input various scenarios as to what could possibly happen. The sensitivity analysis will help determine two important questions such as
1. How will a change in an objective function coefficient affect the optimal solution?
2. How will a change in a right-hand-side value for a constraint affect the optimal solution?
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