Simulate & Forecast

The analytical model is rarely simple. Possible – maybe probable – outcomes are sometimes obscured. Complications arise with multiple inputs, uneven timing, correlated variables, and incomplete probability assumptions.

Consider an application that allows for thousands of trials of the model, varying each trial by changing any or all of the input according to each input’s range of possibilities; all within seconds and minutes!

The application of Crystal Ball to the model enables the analytical process to encompass the full range of possibilities and to assign probabilities to those outcomes. Thus, risk is quantified and labeled in terms of the original model.