What Is the Analysis That Works in Reverse to What-If

question 50

Multiple Choice

What is the analysis that works in reverse to what-if and sensitivity analysis by finding the inputs necessary to achieve a goal, such as a desired level of output?

• A)solutions-based analysis
• B)optimization system
• C)goal-seeking analysis
• D)revenue analysis

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Definitions:

Least Squares Estimate

A statistical technique that determines the line of best fit for a model by minimizing the sum of the squares of the vertical deviations from each data point to the line.

Dependent Variable

The variable in an experiment or study that is expected to change in response to changes in the independent variable.

Independent Variable

A variable in an experiment or model that is manipulated or changed to observe its effect on the dependent variable.

SSE

Sum of Squared Errors; a measure used in statistical data analysis to assess the differences between observed and predicted values.