Examlex
In striving to identify and understand consistent patterns of behavior, psychologists are skeptical. That is, they are willing to consider new or alternative explanations of behavior and mental processes.
Base-Case
A scenario used as a benchmark in analysis, representing the default or most likely set of assumptions.
Sensitivity Analysis
A technique used to determine how different values of an independent variable will affect a particular dependent variable under a given set of assumptions.
Forecasting Risk
The potential for actual outcomes to differ significantly from predicted outcomes in business or financial forecasting models.
Scenario Analysis
An approach to understanding future prospects by exploring various potential outcomes.
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