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>any multivariate Monte Carlo analysis that doesn't show your sensitivity to correlation is essentially useless This rational is why this tool shouldn't be use
by DINKDINK 8y ago
>any multivariate Monte Carlo analysis that doesn't show your sensitivity to correlation is essentially useless
This rational is why this tool shouldn't be used for anything consequential -- like business decisions that can sink you company.
- ozgooen 8y agoIn my experience, many consequential business decisions aren't even made with probability distributions, let alone probabilistic models with realistic correlations. I would generally encourage people who are comfortable with more advanced probabilistic systems to use them.