Sensitivity analysis whatif analysis optimization analysis a

Sensitivity analysis, what-if analysis, optimization analysis, and market basket analysis are the common DSS analysis techniques.

True or False and why?

Solution

DSS or decision support systems are types of computerized information systems that support decision making activities.

Sensitivity analysis is a quantitaive analytical model and a DSS technique. It is a type of analysis that shows how a particular scenario can be affected by multiple variables.

What if analysis is also a type of sensitivity analysis as it builds scenarios. Optimation analysis involves finding the best or the optimal solution by using excel based tools like \"solver\".

So, all these are common DSS techniques.

Hence \"true\".