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Episode 3 - Probabilistic Forecasting using MonteCarlo

Drunk Agile

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Probabilistic Thinking and Fatigue

So, we have 30 days left with 30 days we're trying to figure out how much can this team do in 30 days. What we do is we take one of these throughputs from the past just randomly select one of them and assign it to the next day. And then again, and figure out how many we get done in that next simulation is completely randomized. We do that over and over again 10,000 times and come up with all these results. The histogram that you're seeing right here as particular is just explaining. Gives us an understanding of the risk associated with certain outcomes.

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