Uncertainty and risk are issues that virtually every business analyst must deal with, sooner or later. The consequences of not properly estimating and dealing with risk can be devastating. There’s a positive side to uncertainty and risk, as well: Almost every business venture involves some degree of risk-taking. Properly estimating, and planning for the upside is just as important as doing so for the downside.
Read this tutorial to learn how Monte Carlo simulation can become a frequently-used tool in every business analyst’s toolkit. It can help: