Tag: "Triangular distribution"
Plans based on average assumptions ……
Don’t worry about the average, worry about how large the variations are, how frequent they occur and why they exists.
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Corporate Risk Analysis
Strategy @Risk has developed a radical and new approach to the way risk is assessed and measured when considering current and future investment.
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Uncertainty – lack of information
Every item in a budget or a profit and loss account represents in principal a probability distribution. In this framework all items whether from the profit and loss account or from the balance sheet will have individual probability distributions.
