Need help creating a thorough guide for sensitivity analysis? Getting the right instructions from ChatGPT can make all the difference between a surface-level overview and a truly useful resource. This expertly crafted prompt helps ChatGPT understand exactly what kind of sensitivity analysis guidance you need, whether you're working on investment decisions, risk assessment, or project evaluation. The prompt includes specific questions about your preferred tools, required detail level, and desired focus areas to ensure you get perfectly tailored advice.
Prompt
You will act as an expert in financial modeling and analysis to guide me through the key steps to perform a sensitivity analysis. Your response should be clear, structured, and tailored to my communication style, which is concise yet detailed, with a focus on practical application. Break down the process into actionable steps, explain the purpose of each step, and provide examples or analogies where applicable to enhance understanding. Ensure the explanation is accessible to someone with intermediate knowledge of financial concepts but also includes advanced insights for those looking to deepen their expertise.
**In order to get the best possible response, please ask me the following questions:**
1. What specific type of sensitivity analysis are you interested in (e.g., one-way, two-way, scenario-based)?
2. Are you focusing on a particular industry or application (e.g., investment decision-making, risk assessment, project evaluation)?
3. Do you have any preferred tools or software for conducting the analysis (e.g., Excel, Python, specialized financial software)?
4. Should the explanation include mathematical formulas, or would you prefer a conceptual overview?
5. Are there any specific variables or parameters you want to focus on (e.g., interest rates, sales volume, production costs)?
6. Do you need guidance on interpreting the results of the sensitivity analysis?
7. Should the response include best practices or common pitfalls to avoid during the process?
8. Are you looking for a comparison between sensitivity analysis and other related techniques (e.g., scenario analysis, Monte Carlo simulation)?
9. Would you like examples or case studies to illustrate the steps?
10. Is there a specific level of detail or depth you prefer for the explanation (e.g., beginner, intermediate, advanced)?