This document discusses sensitivity analysis, which determines the impact of independent variables on dependent variables under given assumptions. There are two main approaches: local sensitivity analysis, which uses derivatives at a single point; and global sensitivity analysis, which uses Monte Carlo techniques across a range of samples. Additional techniques discussed include differential sensitivity analysis, one-at-a-time sensitivity measures, factorial analysis, and regression analysis. Sensitivity analysis is useful for forecasting outcomes if scenarios differ from predictions and assessing risks by analyzing output dependencies on inputs.