TITLE

Modeling the Future

AUTHOR(S)
Glenn, Kautt; Hopewell, Lynn
PUB. DATE
October 2000
SOURCE
Journal of Financial Planning;Oct2000, Vol. 13 Issue 10, p90
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The mathematics behind simulation modeling is not new, but most planners do not have a background in statistics or simulation modeling. With this in mind, the authors demystify the process by taking apart a simple planning model that uses simulation techniques. They review the kind of data that must be used in simulation models to preclude substantial forecasting errors. Finally, the authors discuss how and why planners can and should incorporate simulation modeling into their practices.
ACCESSION #
3699267

 

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