Normal Distributions
When creating a forecast utilizing past data, it is important to recognize the degree of certainty that can be reasonably applied to this forecast. By creating a normalized distribution, and identifying the percentage likelihood of a certain outcome, organizations can better prepare for all likely outcomes.
When creating a forecast utilizing past data, it is important to recognize the degree of certainty that can be reasonably applied to this forecast. By creating a normalized distribution, and identifying the percentage likelihood of a certain outcome, organizations can better prepare for all likely outcomes.
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