'What If’ Scenarios for Uncertainty in Business – Analytics as Your Crystal Ball
Speaker(s):
Mark Wilcock
Duration: 60 minutes
Track: Analyze & Interpret
Whether short-term or long-term, businesses deal with the future as well as the present, and therefore have to content with a lot of uncertainty. The important perspective for businesses is to embrace the uncertainty and incorporate it into corporate thinking. What-if scenarios is one of the accepted techniques to better preparing and modelling this uncertainty. In this session, various likely scenarios are evaluated with clear guidelines on how to approach what-if scenarios using Excel and R, with an emphasis on communicating the results with data visualizations. Join us for this session with rich practical demos to illustrate key takeaways so you can apply to your own environments.