Question: As it relates to risk data, what is the importance of correlation, probabilistic branching, and probabilistic calendars and how is the aforementioned useful for project

As it relates to risk data, what is the importance of correlation, probabilistic branching, and probabilistic calendars and how is the aforementioned useful for project cost risk analysis?

How would you incorporate correlation, probabilistic branching, and probabilistic calendars into a risk analysis?

Please provide the resources that were used for your explanation so that I can refer back to them for understanding.

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