Lynda.com is now LinkedIn Learning!

To access Lynda.com courses again, please join LinkedIn Learning

All the same Lynda.com content you know and love

Plus, personalized course recommendations tailored just for you

All the same access to your Lynda learning history and certifications

Try LinkedIn Learning for free
Questions? Visit our help center.
Skip navigation

Perform Monte Carlo simulation

Perform Monte Carlo simulation: Excel Statistics Essential Training: 2 (2016)
Perform Monte Carlo simulation: Excel Statistics Essential Training: 2 (2016)

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.

Resume Transcript Auto-Scroll
Skill Level Beginner
2h
Duration
431,614
Views
Show More Show Less

Continue Assessment

You started this assessment previously and didn't complete it. You can pick up where you left off, or start over.

Start My Free Month

Start your free month on LinkedIn Learning, which now features 100% of Lynda.com courses. Develop in-demand skills with access to thousands of expert-led courses on business, tech and creative topics.

Start My Free Month

You are now leaving Lynda.com and will be automatically redirected to LinkedIn Learning to access your learning content.