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Perform Monte Carlo simulation

Perform Monte Carlo simulation: Statistics with Excel Part Two
Perform Monte Carlo simulation: Statistics with Excel Part Two

A process might contain randomness, making it impossible to predict its outcome with certainty. Instead, you can simulate the process. To do this, you have to simulate the randomness, which is what Monte Carlo simulation does. The Excel AnalysisTool Pak Random Number Generation tool is perfect for creating Monte Carlo simulations. Joe shows you how to use this tool to create simulations that use the Discrete distribution. You'll then be able to simulate a variety of processes.

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Skill Level Beginner
1h 59m
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Skills covered in this course
Business Intelligence Big Data IT Tableau QlikView Excel

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