LAG21 - Prateek Singh - Drunk Agile - How many bottles of whisky will I drink in 4 months?
Channel: Actineo Consulting LLP
Date: 2021-09-14

How can we make predictions in the presence of uncertainty? More importantly, how do I figure out what my whisky budget should be? Come find out how we can use Monte Carlo simulations to answer the two most important questions for anyone involved in developing products – “When will it be done?” and “How much whisky will I consume?”. We will step through simple implementation of Monte Carlo simulations that does not require understanding of any advanced math or engineering concepts. We will also talk about easy ways to update our forecasts when we receive new information. We will also discuss how continuous forecasting can prompt early interventions.