In parallel to our ongoing series introducing different Monte Carlo techniques I thought it would be fun to incorporate more…
If you haven’t read the first two posts introducing the concept of Monte Carlo simulations and running through a basic,…
For a quick overview of Monte Carlo simulations, I recommend you check out Part I. Example: Suppose we work for…
The two most common measures applied to proposed projects (for everything from expansion to replacing old equipment) are net present…
VaR, or Value at Risk is another one of many concepts in finance that sounds much more intimidating to some…
Arguably the simplest approach towards generating normal distributions using pseudo-random numbers is through a combination of RAND and Norm.S.Inv. Norm.S.Inv…
When it comes to Excel, the phrase “there’s more than one way to skin a cat” applies in almost every…
Excel can be used to return pseudo random numbers using the RAND function. This function has no arguments, and simple…