Question: Which statements regarding scenario analysis are true? Multiple select question. It involves making a forecast about the likelihood that a particular event will happen or

Which statements regarding scenario analysis are true? Multiple select question. It involves making a forecast about the likelihood that a particular event will happen or not. It involves forecasting a binary outcome (0 or 1), and thus takes the form of a probability. Such forecasts must be conducted with analytical rigor. Such forecasts are common in our personal lives and in the business world

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