A point forecast can help assess exactly one interaction of multiple input variables and the consequent estimate of future outcomes.
To assess multiple scenarios, various combinations must be tried out one-at-a-time.
Estimate probability of success rather than just calculating a future outcome.
Understand key levers within the range of inputs that truly drive change in the outcome.
Make informed business decisions and plan for probable contingencies.
Using Monte Carlo Simulations and efficient array processing, we can comprehend the entire range of possible outcomes along with probabilities for any individual outcome.
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