Projected Revenue Estimation from Crowdsourced Information on Statistical Errors

By Sam Savage (bio in sidebar) and Shayne Kavanagh (bio) It is difficult for municipal financial officers to accurately estimate their tax revenues, especially during uncertain times such as the recession of 2008 to 2010 and the current COVID-19 pandemic. Customarily forecasts are based on a single number, with no indication of its chances of… Continue reading Projected Revenue Estimation from Crowdsourced Information on Statistical Errors

Your kids are not taught risk management at school, you have to do it

I wanted to start with some typical math problems in school: Two cars started from the same point, at 5 am, travelling in opposite directions at 40 and 50 mph respectively. At what time will they be 450 miles apart? At 9 am a car (A) began a journey from a point, travelling at 40 mph. At… Continue reading Your kids are not taught risk management at school, you have to do it