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What is a best case scenario?

Updated: 4/28/2022
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9y ago

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A best case scenario means the best possible outcome out of a number of choices. This is often used in forecasting success or failure.

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Difference between Sensitivity analysis and Scenario analysis?

Scenario Analysis: What happens to the NPV unde different cash flow scenarios? this analysis has: 3 dimensions to measure 1. Best case: High revenues, low cost 2. Worst case: low revenues, high cost 3. Base case: calculation with the given data Measure of the range of possible outcomes Best and Worts are not necessarily probable, but they can still be possible Sensitivity Analysis: What happnes to NPV when we vary one variable at a time? This is a subset of scenario analysis where we are looking at the effect of speciic variables on NPV The greater the volatility on NPV in relation to a specific variable, the larger the forecasting risk associated with that variable, and the more attention we want to pay to its estimation i.e. number of scenario analysis done, let's say 1,000 of different NPV, and the empirical distribution made us better off. Because we have observe the how volatile is the NPV.


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Highest would be a scenario where the best combination of positive factors are all occurring at once. Lowest would be a scenario where all potentially bad things happen.


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The best case scenario is probably humans. We burn lots of fossil fuels, such as using factories, cars, and even burping cows.


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The definition of a worst case scenario is pretty much self explanatory. A worst case scenario is the worst thing that could happen in a given situation.


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Worst Case Scenario - song - was created on 2008-01-07.


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Estimating is an "educated guess" based on prior knowledge and best case scenario conditions.


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What actors and actresses appeared in Worst Case Scenario - 2006?

The cast of Worst Case Scenario - 2006 includes: Jaap van Otterlo as Stramm


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Don't eat basketballs. Best case scenario, it'd taste like rubber and then an emergency room bill.