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Scenario analysis is when you estimate the consequences of all possible decisions in a particular situation. For example, your choices might be to do X, Y, Z or nothing. Consider what would happen if you do X, what would happen if you do Y and so on. You might discover that Y and Z boil down to the same thing, leaving you with3 choices - X, Y, or nothing - and an expected outcome for each one. This can make it easier to decide which to choose.
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