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scenario analysis  

Definition

  • Scenario analysis attempts to capture the nonlin-earity, complexity, and unpredictability of turbulent environments by incorporating techniques for eliciting and aggregating group judgments, specifically through Delphi techniques and cross-impact matrices. The Delphi technique involves asking an anonymous panel of experts to estimate individually the probability that certain events will occur in the future. [Source: Encyclopedia of Business in Today's World; Scenario Analysis]

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https://concepts.sagepub.com/social-science/concept/scenario_analysis

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