4min chapter

Agile Uprising Podcast cover image

Rethinking Agile Ep1: Story Points Are Trash? With Ryan Ripley

Agile Uprising Podcast

CHAPTER

Probabilistic Forecasting With the Monte Carlo Method

The Monte Carlo method was created in the originally in 1930s, but it was famously kind of formed for the Manhattan project. It's a way of applying something called the law of large numbers to a small or a relatively small data set and then running randomized simulations. And using that to based off probability from, and that's what we say probabilistic forecasting with the Monte Carlo.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode