Question: Match each technique below with the application it is most suited for. - Bootstrapping - Sensitivity analysis - Scenario analysis - Monte Carlo simulation A.Understand
Match each technique below with the application it is most suited for.
- Bootstrapping
- Sensitivity analysis
- Scenario analysis
- Monte Carlo simulation
A.Understand and improve inference in small data sets.
B.Understand how an outcome changes as one of its inputs changes.
C.Understand how outcomes are different under several specific situations.
D.Understand how certain outcomes change under uncertainty orgiven a probability distribution.
E.Estimate relationship between two variables from historical data.
F.Describe the strengths, weaknesses,opportunities,and threats for a given proposal.
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