Overview:
This workshop is about understanding what is behind the Monte Carlo Simulation.
First, you will find out who is using simulations and for what purposes (risk analysis, operations, investments.) The next part is about having fun applying simulations - rolling dice on a spreadsheet. Once you understand how it is done we can go into a couple of projects. One project is when we simulate a four years budget for 200 times (800 years.) The workshop will have other examples of Monte Carlo simulations.
Why you should Attend:
Professionals, students and other Excel users interested in understanding and applying Monte Carlo simulations using Excel.
- Learn how to generate random numbers
- Practice using the random number generation for different distributions (Uniform, Normal, Discrete and more)
- Learn how to apply simulations
Areas Covered in the Session:
- Random number generations
- Risk analysis applied to investments
Who Will Benefit:
- Finance Professionals and Students