Sensibity graphs interpretation help
Posted: Wed Aug 21, 2024 6:59 pm
Hi,
Could you please help me understand and interpret what each of the "Confidence Bounds" (50, 75, 90, 95, and 100%) represents in this generic graph, which is the result of performing sensitivity analysis by changing the value of a constant in the model "n" times using a random uniform distribution?
I would like a theoretical or conceptual explanation to understand the meaning of the graphs I generate in my models using Vensim PLE+.
Thank you.
Could you please help me understand and interpret what each of the "Confidence Bounds" (50, 75, 90, 95, and 100%) represents in this generic graph, which is the result of performing sensitivity analysis by changing the value of a constant in the model "n" times using a random uniform distribution?
I would like a theoretical or conceptual explanation to understand the meaning of the graphs I generate in my models using Vensim PLE+.
Thank you.