Because not all uncertainty looks the same. Probabilistic models rely on distributions to simulate the uncertainty we see in real

Each post aims to clarify complex ideas, highlight useful techniques, and showcase how probabilistic methods — can support better decisions in uncertain environments. Every decision in a new market is a wildcat well — PLANS helps you drill smart.

When data is limited, traditional models struggle. But probabilistic methods can incorporate prior knowledge and update beliefs as new data comes in.

Monte Carlo models are a powerful way to understand uncertainty in complex systems. Instead of trying to predict a single

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