Sensitivity Analysis

Sensitivity analysis quantifies the impact of various factors on a model’s output. When a model has multiple undetermined parameters, these parameters can be analyzed to identify key parameters that significantly affect the model’s results. Targeting these highly sensitive parameters for identification can effectively improve the model’s accuracy and reliability, especially for complex models with numerous parameters. Main Sensitivity Analysis Methods Local Sensitivity Analysis Local sensitivity analysis focuses on the impact of small changes in input parameters around a specific point on the model output.