Monte Carlo Simulation Excel Add-Ins 2015 Monte Carlo Simulation continues to increase in popularity as risk becomes a more pressing issue in many activities. This list of Monte Carlo Simulation Excel add-ins covers varying levels of sophistication and cost – from Risk Analyser at US$49 to others which cost thousands…
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Monte Carlo
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Business is the art of managing the uncertain. Machine learning, statistics, simulation, optimization and many other emerging disciplines are predominantly probability based. A predictive model may well express the probability that a loan applicant will be able to repay, as a probability (usually as a percentage). Simulations which use Monte…
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excelmontecarlo.com – a full tutorial on Monte Carlo simulation in Excel without using add-ins. Good introduction to core concepts and some advanced techniques. MonteCarlito is a free Excel add-in with support for both Windows and OS X versions of Excel. It supports some standard statistical functions (mean, median, standard error,…
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Monte Carlo Simulation Free Software 2015 BlockTreat is a general frequentist Monte Carlo program for block and treatment tests, tests with matching, k-sample tests, and tests for independence. BlockTreat is written in Java. excelmontecarlo.com – (Linux only) a full tutorial on Monte Carlo simulation in Excel without using add-ins. Good…
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Monte Carlo simulation (MCS) is widely used to evaluate risk in business. In its most common application it assumes that the probability distributions for various variables are known and most MCS software comes with support for a variety of distributions. As a simple example we might know the probability distribution…