Monte Carlo Syndrome

Monte Carlo Method Monte Carlo Forecasting is a method for creating predictive forecasts based on a technique of repeatedly running random simulations of the samples to see a range of possible outcomes, and then to use those outcomes to forecast results of larger (or future situations).  The predictive model offers a percentage probability of being…

Metrics – a snake in the grass?

One of the things I have noticed over the last few years is a drastic increase in the use of metrics. Particularly with the surge in the use of electronic boards for teams data is much more readily available and so is much more frequently used. If you can’t measure it, you can’t improve it.…