Monte Carlo simulation is a technique used to demonstrate risk and a range of possible outcomes, in which a financial plan is put through thousands of possible return paths for the portfolio to ...

David Blanchett is the head of retirement research for Morningstar Investment Management. Measuring progress is an important part of accomplishing a goal—just ask anyone trying to get healthier and ...

Estimating the probability of success in clinical trials is a key factor influencing the decision to fund a development programme for a therapeutic candidate. A higher likelihood of approval increases ...

Building a good sales forecast involves techniques that fall somewhere between science and art. While it is possible to construct a rigorous objective forecasting model, the human element in sales ...