Monte Carlo in Excel

A comprehensive overview of Monte Carlo simulation that explores the latest topics, techniques, and real-world applications

Monte Carlo Simulation is a numeric technique that allows the analyst to simulate a specific formulation by running the computation a large number of times (typically in the thousands).

Covering a variety of Excel simulations, from gambling to genetics, this introduction is for people interested in modeling future events, without the cost of an expensive textbook. The simulations covered offer a fun alternative to the usual Excel topics and include situations such as roulette, password cracking, sex determination, population growth, and traffic patterns, among many others.

Covering a variety of Excel simulations, from gambling to genetics, this introduction is for people interested in modeling future events, without the cost of an expensive textbook. The simulations covered offer a fun alternative to the usual Excel topics and include situations such as roulette, password cracking, sex determination, population growth, and traffic patterns, among many others.

Monte Carlo Simulation is a numeric technique that allows the analyst to simulate a specific formulation by running the computation a large number of times (typically in the thousands). In each model, there will be several input variables.