April 2010
Beginner to intermediate
250 pages
4h 34m
English
No estimate for the future will be exact; there will always be the unexpected, as well as the normal tolerance to be expected in a prediction. Before you produce the estimated profit and loss account, it is useful to take time out to look at the possible risks to the benefits and costs.
We have already seen one of the ways of taking risk into account, which is to produce a range of forecasts: pessimistic, most likely and optimistic. Let’s take that technique a step further. ...
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