Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Management article
-
Reference no. F0211B
Authors: Sam Savage
Published by: Harvard Business Publishing
Published in: "Harvard Business Review - Forethought", 2002
Length: 4 pages

Abstract

Managers' desire to work with 'a number,' to plug in an average figure, is legendary. But using an average to represent an uncertain quantity usually yields a wrong answer, compromising decisions in accounting, investment, sales, and other areas. Simple software can help.

About

Abstract

Managers' desire to work with 'a number,' to plug in an average figure, is legendary. But using an average to represent an uncertain quantity usually yields a wrong answer, compromising decisions in accounting, investment, sales, and other areas. Simple software can help.

Related