Managing Risk in Revenue Forecasts: Probabilistic Thinking 2

Managing Risk in Revenue Forecasts: Applying Probabilistic Thinking with Excel Part 2: Using the Revenue Estimating Risk Model. This session performs a deeper dive on the revenue model covered in Part 1. We will analyze the data for such models, and how it may be stored in "libraries" for use by others. The students will learn how to answer questions that would interest local governments, particularly "what is the chance that our total revenue this year will equal or exceed our planned expenditures?" Finally, we will discuss the potential for applying the methods we have learned to other problems in public management.
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