Would you pay for an app that shows the probability of a sale? - Business News Live

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Would you pay for an app that shows the probability of a sale?

Let's say you know that Product X tends to convert between 1-2% for every 1000 visitors that lands on your page.

Would you use a tool that runs a Monte Carlo simulation, basically running a scenario over a thousand times, and then charts a probability distribution of your revenue?

This is a simple example, but the application allows for multiple types of variation, including chaining multiple funnels and setting ranges or uncertainty for each (i.e. pageviews range between 800 and 1000 each day)

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from Entrepreneur https://ift.tt/2PcWwws

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