What are the different types of stress tests?
An example of an AI chatbot conversation about different types of stress tests in finance and healthcare.
What are the different types of stress tests?
Stress tests are simulations used to assess how systems perform under extreme conditions. They vary by field.
Can you explain the types of stress tests used in finance?
In finance, common types include scenario analysis, sensitivity analysis, and reverse stress testing.
What about stress tests in healthcare?
In healthcare, stress tests often refer to evaluations of heart function under physical exertion or medication.
How do these tests help in decision-making?
They help identify vulnerabilities, ensuring that systems can withstand adverse conditions and inform risk management.
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