What is the significance of ‘what-if analysis’ in business for decision making process?

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Week 11: Interactive activity
11.1 Learning Outcomes:
Work with formulas and functions
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-…
11.3 Test your Knowledge (Question):

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?

11.4 Instructions
Answer both questions in test your knowledge section.
Post your answer in the discussion board using the discussion link below (Week11: Interactive learning Discussion)

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