4 ms·
> This is known as Little’s Law Little's law lets you calculate the third variable easily, given that you know the other two. You can calculate from existing d
by sampo 3y ago
> This is known as Little’s Law
Little's law lets you calculate the third variable easily, given that you know the other two. You can calculate from existing data.
As such, it doesn't help you calculate forecasts. Or you can, if you make assumptions on the distributions. But some outliers can then turn the reality very different from what your forecast was.
> how fast you need to complete a task
You can calculate how fast you need to complete a task. But if an outlier task comes your way, it doesn't help you to actually complete that particular task in time.