Design and Use of Single and Multiple Variate, and Probabilistic Sensitivity Analysis in Economic Models

Learn the importance and techniques of sensitivity analysis and determine the way in which variables can be modified, how to interpret the results, and how to perform single variate, multivariate and probability sensitivity analysis.

After the completion of this course participants will be able to:

• Explain the reason for and role of sensitivity analysis in an economic model
• Given a set of cost and outcome variables, develop parameters for single and multi variate sensitivity analysis
• Explain the role of a probability sensitivity analysis (PSA) model and interpret the results
• Prepare a PSA model using Excel

The access period once enrolled into the course is 60 days from the date of purchase. After this duration, you will need to re-enroll if you wish to re-enter the course.

Time to complete – approximately 4-6 hours