Risk analysis seeks to examine the impacts of uncertainty in the estimates and their potential interaction with one another on the output variable of interest.

Risk Analysis

The process of identifying potential risks, quantifying their impact, and developing strategies to manage and mitigate them, especially in business and projects.

Uncertainty

The state of being unsure or having doubts, often quantifiable in finance and science.

Output Variable

The variable in a study or model that represents the result or outcome of interest, influenced by input variables.