What is another name for the type of insight that examines how one variable explains variation of the outcome variable?
(a) first-order analysis
(b) second-order analysis
(c) third-order analysis
(d) spectrum analysis
(e) object-oriented analysis

(A) First-order analysis

Step-by-step explanation:

Variance based analyisis, also known as Sobol method, decomposes the variance of the output of a model into fractions. By this why you can atributed them to one or a set of inputs.

For example:

"Argentina's gross domestic product had dropped more than 50% last year. This is explained almost entirely because there was a 60% depreciation of the local currency and not that much because of the closing of several industries."

GDP is one variable, Local currency value & industrial growth are two inputs.

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