Chapter 26, Problem 29RQ

To determine

Sensitivity Analysis is the analysis of changes in output for the anticipated changes in each factor of input. As the decision making is based on future forecasting, there may be uncertainties in the different factor of inputs forecasted. The Sensitivity analysis is the forecast in the change in output for each uncertainty in the factor of inputs. The Spreadsheet software will help in the sensitivity analysis by building one variable model, two variable model and what-if analysis.

The Concepts of sensitivity analysis and spreadsheet used for it need to be determined.