As a former modeling and simulation lead for several commercial and military projects, I was responsible for designing models, measuring their accuracy, and constructing executive reports based on their results.

In my experience reporting to management, I have found that decision-makers have a strong preference for speed: speed of initial results and speed in revising. They will opt for "good and fast" over "slow and perfect." If you offer 80 percent accuracy in five minutes over 99 percent accuracy next week, they will always elect 80 percent accuracy. They also want analyses that can be quickly revised to respond to new input from them.

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