Why isn’t financial analysis more probabilistic? We make all these assumptions and predictions in making a financial analysis or forecast, but for all the thought that goes into that, those assumptions get buried in the model, hidden behind single value variables. We don’t build ranges right into the model (except in a sensitivity analysis, which [...]
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The Japanese would have a a very different take on the story of the big bad wolf. Between tsunami’s, typhoons, and earthquakes, natural disaster’s regularly destroyed towns. Homes weren’t built to withstand anything hurled at them – they were built to work day in and day out, and to be rebuilt quickly after a disaster. [...] |
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Copyright © 2012 Joel E Lewis - All Rights Reserved |
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