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Interesting! You estimated the costs using a small program. Have you ever done this with other ideas? Is there some resources which teaches the best ways to do
by kovek 10y ago
Interesting! You estimated the costs using a small program. Have you ever done this with other ideas? Is there some resources which teaches the best ways to do such estimates?
I've done this before with an excel sheet for a specific business my friend was enthusiastic about. It turned out he would have been alright had he gotten a loan.
- marcosdumay 10y agoThere is a concept called "Monte Carlo Simulation" that can help on that. Pushing random numbers into a program can be as rigorous as you want. https://en.wikipedia.org/wiki/Monte_Carlo_method https://en.wikipedia.org/wiki/Monte_Carlo_method