Which term best describes a method for understanding and solving problems by analyzing familiar situations?

The term that best describes a method for understanding and solving problems by analyzing familiar situations is "Solve by Analogy." This approach involves drawing parallels between a current problem and past experiences or established situations that are similar. By identifying similarities, one can apply previously successful strategies or concepts to the new problem at hand, which can facilitate creative solutions and enhance understanding.

Using analogies helps individuals leverage existing knowledge, making it easier to transfer insights and solutions from one context to another. This method is particularly useful in fields such as mathematics, science, and even everyday problem-solving, as it encourages a deeper understanding of underlying principles by relating them to known scenarios. In contrast, lateral thinking focuses on generating creative and non-linear solutions, variables refer to elements that can change within a problem set, and iterative processes involve repeated cycles of feedback and revision rather than direct analogy.