Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation. The toolkit uses a proprietary coding language, ThetaML, ...

The Monte Carlo simulation technique, named for the famous Monaco gambling resort, originated during World War II as a way to model potential outcomes from a random chain of events. It is particularly ...

An curved arrow pointing right. Run Monte Carlo simulations in Excel with this simple workaround. Produced by Sara Silverstein Follow BI Video: On Facebook More from Finance Run Monte Carlo ...

Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom. Getty Images / Monty Rakusen Analysts can assess ...

This paper illustrates the manner in which two path dependent exotic options (Asian and Fixed Strike Lookback options) can be valued using Monte Carlo simulations on Excel. Though Excel is not a ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

We have all made decisions, whether in our personal or professional lives, based on imperfect information. How can we manage that risk and improve business outcomes? One answer is a statistical method ...

The Inverse Sampling Method can expand the capability of tools, such as Excel and Spice, into performing user-defined statistical simulations. Not all Spice versions perform Monte Carlo simulations.