‘What-if’ Analysis

‘What-if’ Analysis

Software that includes the capability to perform ‘what-if’ analysis usually allows the user to set custom parameters and then use those to forecast other, usually related parameters. For example, if a correlation is noticed between falling prices and increased sales, software that supports “what-if analysis” should allow you to set a particular price level and then project a ‘what-if’ scenario for sales numbers. Most software that performs ‘what-if’ analysis can be found in the Business Intelligence category, but ‘what-if’ analysis is becoming more common in other business systems, including project management software (for project planning and resource utilization), enterprise resource planning, and supply chain management software.  

Software that includes the capability to perform ‘what-if’ analysis usually allows the user to set custom parameters and then use those to forecast other, usually related parameters. For example, if a correlation is noticed between falling prices and increased sales, software that supports “what-if analysis” should allow you to set a particular price level and then project a ‘what-if’ scenario for sales numbers. Most software that performs ‘what-if’ analysis can be found in the Business Intelligence category, but ‘what-if’ analysis is becoming more common in other business systems, including project management software (for project planning and resource utilization), enterprise resource planning, and supply chain management software.  

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