Examlex
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Scenario Analysis
This method involves evaluating potential future scenarios to understand how varying conditions can influence business operations or investment outcomes.
Best-case Scenario
The optimal or most favorable outcome that can be expected under certain conditions.
Worst-case Scenario
The most severe potential outcome for a situation, often used in risk management and planning.
Forecast Risk
The risk associated with the likelihood that the forecasted figures will not align with the actual results, also known as projection risk.
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