Examlex
Discuss the advantages and disadvantages of catalog marketing.
Monte Carlo Forecasting
A technique using random sampling and statistical modeling to predict outcomes in complex systems or processes.
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, typically used to assess risk or uncertainty in prediction and forecasting models.
Crystal Ball
A forecasting and simulation software by Oracle that is used for predictive modeling, simulation, and optimization.
Critical Path
The longest sequence of activities in a project plan that must be completed on time for the project to finish by its due date.
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