limitatios for profit sensitivity analysis
define sensitivity analysis - influence coefficients ?
what if analysis
there no difference between break even profit analysis and cost volume profit analysis
what-if analysis or sensitivity analysis Its What-if Analysis
cost volume profit is use anlyse how cost and profit change with change in volume of activity
Sensitivity Analysis is a type of analysis that shoes how a particular scenario may be affected by multiple variables. For example, one could model a home mortgage and run a sensitivity on what happens ifinterest rates rise and/orproperty values declineThis can be done in tandem on a matrix along an x and y axis. Sensitivity analyses are often done in spreadsheets such as excel.
Goal seeking
sensitivity analysis
Correlation analysis assesses the strength and direction of the relationship between two or more variables, helping to identify patterns or associations. In contrast, sensitivity analysis examines how the variability in the output of a model or system can be attributed to changes in its input parameters, determining which factors have the most influence on outcomes. While correlation focuses on relationships, sensitivity analysis emphasizes the impact of changes in specific inputs.
Cost-volume-profit analysis (CVP), or break-even analysis,
Cost-volume-profit analysis (CVP), or break-even analysis, is used to compute the volume level at which total revenues are equal to total costs.
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