If you are a freelancer, a retailer or simply an active writer on Medium, you can find a simple formula to better project your earning chances here below.
The following discussion is based on the idea that any business is always subject to some degree of randomness. This is especially true during these times of Corona crisis, where any prediction feels quite precarious.
Nevertheless, even in such difficult circumstances, I believe some applied math can never hurt. Below, you can enjoy some concepts of random process theory applied to simple business scenarios.
Necessary premise: my purpose is to show some math at work, not to give any financial advice. Please, also don’t forget that math formulas are reliable only when their working assumptions are satisfied.
#freelancing #julia #money #programming #mathematics
Compute the Probability of Your Earnings with One Line of Code - Have you ever asked yourself what is the probability you will reach a given financial goal?