Worst-case scenario simulations ensure manufacturing is prepared for all contingencies, but over-sizing or under-sizing may ensue. This results in larger than necessary filters and columns that may ...

Monte Carlo simulations predict investment risks and returns using computer models. They enable investors to assess outcomes under various market conditions. Accessible tools like online calculators ...

We have all made decisions, whether in our personal or professional lives, based on imperfect information. How can we manage that risk and improve business outcomes? One answer is a statistical method ...

You can’t predict the future, of course, but that doesn’t stop some financial professionals from trying. Of the many methods devised to anticipate different possible futures in financial planning, ...

Rick Ferri, the tenacious burr under the saddle of asset-based financial planning business models, is at it again. Concurrent with his ongoing battle to push the financial advice industry toward lower ...

Forbes contributors publish independent expert analyses and insights. I track enterprise software application development & data management. AI is all about logic, but not all of it is straightforward ...