A scenario describes a possible outcome under specified assumptions. Without defensible probabilities, it does not state which outcome will occur.
Change individual assumptions to show model sensitivity. Growth, margins, interest rates and costs can have different effects.
Document conditions under which the analysis no longer holds. This makes a report testable and easier to update.
General education. No personal investment recommendation.
Further primary source: www.sec.gov ↗
Editorial date: 4 November 2026