Continuing with this series of articles introducing cost estimation with @RISK, we will compare the use of the most popular distributions of this technique: the Triangular and the PERT. We know that cost estimation is one of the most critical parts of project...
This article offers a simple and concise explanation of the Monte Carlo simulation: a technique that combines statistical concepts (random sampling) with the ability of computers to generate pseudo-random numbers and automate calculations. The key to Monte Carlo...
By now we’ve become accustomed to the marvels of neural network technology and, in fact, inured to the advances it brought in statistical analysis with its computational simulations of nerve cells. Its many everyday applications–especially in online retailing–seem...
