What Not to Do With Monte Carlo

Dr. Donald Wheeler is talking about modern statistical methods that we should be applying. He says split rate and arrival rate don't have anything to do with Monte Carlo. The way to think about it isn't in terms of, oh, I've got these hundred items in my backlog. That's not what the simulation is telling you,. What the Simulation is telling you is if you have a budget of 100 Items, they will get done by this date.