Sunday, October 26, 2014

Explain Why A Manager Might Perform What-If Analysis

What-if analysis: Observing how changes to selected variables affect other variables.

So why a manager needs to perform what-if analysis is because they can compare between all of those variables. For example, deciding the price of a product they need to calculate the price + demand + subsequent + profit or they can calculate the price,demand, and profit and they must know the consequences from 2 of them or they have another type but they also need to see the consequence that is why a manager needs to perform a what-if analysis.

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