What is the significance of ‘What-If analysis’ in business for decision making process? Write with example. What are the basic steps of What-If analysis?

11.1 Learning Outcomes: 3

Work with formulas and functions 18+

Perform what-if analyses

Weigh factors 11.2 Action Required: Read the article in the following link: https://www.toolshero.com/decision making/what-if-analysis!

11.3 Test your Knowledge (Question):

1. What is the significance of ‘What-If analysis’ in business for decision making process? Write with example.
2. What are the basic steps of What-If analysis?

11.4 Instructions Answer both questions in test your knowledge section.

• Post your answer in the discussion board using the discussion link (Week11: Interactive learning Discussion)