Strengths and limitationsStrengths of scenario analysis:
- Scenarios are often the only way to deal with the unknown future;
- Assumptions about future developments are made transparent and documented
- Gives insight in key factors that determine future developments;
- Creates awareness on alternative development paths, risks, and opportunities and possibilities for policies or decision-making.
Weaknesses of scenario analysis are:
- The analysis is limited to those aspects of reality that can be quantified (quantitative scenarios)
- Difficult to test underlying assumptions (qualitative scenarios)
- Frequently scenarios do not go beyond trend extrapolation (quantitative scenarios);
- Frequently scenarios are surprise-free;
- Frequently models used contain only one view, which will make the outcomes narrow in scope, thus not doing justice to the wish to explore fundamentally different futures
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