Objective probability estimates the odds of an event occurring through data analysis. It uses concrete measures instead of guesses to provide a reliable forecast.

CEOs and CFOs of our portfolio companies often ask us, “How aggressive should we be when we set our budget? We want to grow as fast as possible and invest in our exciting new programs. But if we aim ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...

One of the big changes in election coverage that emerged in 2016 was the widespread use of predictions expressed as probabilities. Once the private vice of data geeks, just about everyone in the ...

Clinical trial transition probabilities, the probability that a drug product moves from one clinical phase to the next, are used to assess the efficiency of drug development and in the valuation of ...

Ruin probabilities in risk models quantify the likelihood that an insurer’s reserves will be exhausted in the face of unpredictable and potentially large claims. These models lie at the heart of ...

In 2011, when President Obama was presented with circumstantial evidence of Osama bin Laden's whereabouts, he faced a range of estimates — anywhere from 30 to 95 percent that the man spotted in the ...