Slides from my ALE Kraków Lightning Talk (15 minutes) about estimation & forecasting.
Tag: monte carlo simulation
Monte Carlo Simulation or Monte Carlo Method is a mathematical technique, which is used to estimate the possible outcomes of an uncertain event. Used – for example – in agile forecasting.
An Average Road to Monte Carlo
Presenting 2 forecasting techniques (averages and Monte Carlo Simulation) using a real-life example. Pros and cons.