News

"Microsoft Excel is a fantastic tool for the embedding of data sources and a great one for reporting," says Andreas Grau, CEO at Thetaris. "However it is not geared towards simulation models like ...
Both Monte Carlo and decision tree analyses are powerful tools, but each has its particular strengths. Monte Carlo simulations are good for accounting for multiple risks occurring simultaneously.
Many industries- reinsurance finance and commercial development, for example- rely on risk analysis technology that utilize Monte Carlo simulation. However, Monte Culo simulation, which was ...
Spreadsheets: If you’re comfortable with spreadsheets, you can use a tool such as Microsoft Excel or Google Sheets to run your own Monte Carlo simulations. There are templates and formulas ...
A Monte Carlo simulation can be used to test if you will have enough income throughout retirement. Unlike a traditional retirement calculator, the Monte Carlo method incorporates many variables to ...
ABSTRACT This paper discusses a value-at-risk (VaR) time-scaling approach based on fitting a distribution function so as to apply a Monte Carlo simulation to determine long-term VaR. The paper uses ...