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What Type of Model Asks What-If Questions Repeatedly to Determine

question 62

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What type of model asks what-if questions repeatedly to determine the impact on outcomes of changes in one or more factors?


Definitions:

Median Price

The middle value in a list of prices, where half the prices are higher and half are lower.

Statistical Measures

Quantitative values that summarize and provide information about a set of data.

Characterize

To describe the distinctive qualities or features of something or someone.

Dispersion

A statistical term describing the spread or variability of a set of data points or values around a central value.

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