A Spreadsheet For Guesswork
Ever wish you could guess more precisely? Or maybe just make your guesses look confusingly legitimate? Guesstimate could help.
It uses Monte Carlo simulations to add some legitimacy to the ranges given to it. For example, if you say the cost of lumber for your next project could be between 2 and 8 dollars a piece, you don’t typically mean that it’s equally likely to be any of those numbers. Most people mean that the boards are most likely to be around 3-5 dollars and everything lower or higher is less probable. Using different shaped distributions, Guesstimate can help include …read more
