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Definition of data analysis: The process of evaluating data using analytical and logical reasoning to examine each component of the data provided. This form of analysis is just one of the many steps that must be completed when ...
Definition of 'Scenario Analysis'. Tweet. Scenario Analysis is a process to ascertain and analyze possible events that can take place in the future. Definition: Scenario Analysis is a process to ascertain and analyze possible events that can take place in the future. This is an important tool in the world of finance and economics, and is used extensively to make projections for the future.