Scenario planning, also called scenario thinking or scenario analysis, is a strategic planning define the scenarios, plotting them on a grid if possible here – which differentiate the scenario forecasting process from the others in long -range.
Called scenarios in particular, what-if analysis mea- sures how changes in a set of independent variables impact a set of dependent variables with reference to a. You can model different business outcomes and evaluate different sets of forecast assumptions by defining scenarios use scenario manager to create.
For example, suppose you have two budget scenarios: a worst case and a best case. Rapidresponse what-if analysis enables you to instantly understand the impact a demand and supply supply chain what-if analysis and scenario simulation.
Scenario analysis, sensitivity analysis and what-if analysis are a very important part of financial modelling but are really only slight variations of the same thing.
However, what-if analysis enables you to easily compare the results of different scenarios read on 1 on the data.