Probability Management in Financial Planning

Budgeting and Forecasting, Risk Assessment

Probability Management in Financial Planning

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The discipline of probability management uses proven computer simulation techniques, which have only recently become available to a much wider audience, to eliminate errors caused by using averages. This article discusses how to use probability management for forecasting uncertain tax revenues, budgeting, calculating reserve levels, and analyzing risk.

Publication Date: February 2014

Authors: Shayne Kavanagh and Sam Savage

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