Tornado Charts and Spider Charts Can Be Used to Determine

question 102

True/False

Tornado charts and spider charts can be used to determine which input variables have the most impact on the expected value in a decision problem.

---

Definitions:

National Resources Planning Board

A U.S. government agency active during the 1930s and early 1940s, part of the New Deal, that conducted research and planning regarding the use of natural resources.

Keynesian Economics

An economic theory stating that government intervention through monetary and fiscal policies is necessary to manage economic cycles and stimulate economic growth.

Laissez-Faire

An economic philosophy advocating for minimal government intervention in business and the economy.

Progressivism

Broad-based reform movement, 1900–1917, that sought governmental action in solving problems in many areas of American life, including education, public health, the economy, the environment, labor, transportation, and politics.