Tuesday, January 22, 2013

Advocacy for Probabilistic (Stochastic) Reasoning Reaches Crescendo

Advocacy for probabilistic (stochastic) thinking by top tier management consulting firms is reaching a crescendo. The video below from PwC is an example.

Probabilistic reasoning (e.g., "corridor budgeting") is the future of enterprise risk modeling and analysis. Follow my related posts below for more.

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