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When Jason was training for his first 5k race, he would take about 40 minutes to run the 5k course. On the day of the actual race, he ran the same course in 36 minutes. Later he told his wife, "the other people just inspired me to do a little better!" Jason's time was helped by social
Hard Rationing
A severe form of capital rationing where external factors such as market conditions or regulatory constraints limit the availability of funding.
Scenario Analysis
A process of analyzing possible future events by considering alternative possible outcomes (scenarios), often used in the context of investment decisions or strategic planning.
Forecasting Risk
The potential for loss or error in a business's financial or operational forecasts, affecting its planning and decision-making ability.
Sensitivity Analysis
A financial model used to estimate how different values of an independent variable affect a particular dependent variable under a given set of assumptions.
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