Monte Carlo Simulation in Excel

What Is Monte Carlo Simulation? | IBM

From one Statistical CFO to another, you need to be forecasting with Monte Carlo Simulation. Here’s why: Forecasting is one of the most critical responsibilities of a Chief Financial Officer, yet the inputs necessary are inherently volatile. Sales fluctuate based on social and economic forces. Expenses fall within ranges that shift quarter to quarter. Each on its own is hard to predict, but combining them to produce reliable profit forecasts is even harder. Our Statistical CFO's solution? Monte

Monte Carlo Simulation Applications | CFA Level 1