Monte Carlo Simulation: A Beginner’s Guide Using @Risk
Learn how Monte Carlo simulation can optimize business decisions using @Risk.

How to Model Uncertainty with the Normal Distribution in Monte Carlo
Discover how probability density functions and standard deviations affect forecasting.

Monte Carlo Simulation: Using RISKSTATISTICAL Functions
Learn how to use RISKSTATISTICAL functions to extract mean and standard deviation from Monte Carlo simulations.

How Tornado & Spider Plots Help Identify Business Risks
Discover how @Risk helps forecast sales growth, decline, and profitability.

How to Model Market Share & Uncertain Distributions with Monte Carlo
Discover how to simulate uncertain market share data with Monte Carlo.

How to Predict Market Trends with the RISKCUMUL Function in @Risk
Understand why cumulative distributions provide a more intuitive approach to probability modeling.

Why Companies Like Eli Lilly & Chevron Use RISKTRIGEN for Forecasting
Learn how to model uncertain outcomes using the RISKTRIGEN function in Monte Carlo simulation.

Using @Risk to Analyze NPV & Risk in Capital Budgeting
Understand how Monte Carlo simulation estimates NPV and risk in capital budgeting

Using Monte Carlo to Evaluate Oil Drilling Investment Decisions
Discover how @Risk models drilling costs, oil price fluctuations, and extraction uncertainty.

How to Model Investment Risk Using Scenario-Based Monte Carlo Simulation
Learn how scenario-based Monte Carlo simulation helps businesses evaluate capital investments.

How Monte Carlo Simulation Improves Option Pricing Models
Learn why simply plugging in expected values doesn’t work for option pricing.

How to Model Business Acquisitions Using Monte Carlo Simulation
Discover how future discounted cash flows determine if an investment is worthwhile.

How to Find the Right Growth Rate for Your Investment Using Monte Carlo
Learn how to use @Risk’s Goal Seek feature to find the right terminal growth rate for an investment.

Stop Guessing NBA Odds—Use Excel to Simulate Thousands of Games
Learn how to use Monte Carlo simulations to estimate NBA Finals win probabilities.

Monte Carlo Simulation: Modeling Dice Rolls and Casino Probabilities
See how to build a probability model for craps and apply similar logic to other casino games.

Will You Ever Return? Simulating the Drunkard’s Walk
Discover why a drunkard always returns home in 1D and 2D but has only a 34% chance in 3D.

What Are the Odds? Using Monte Carlo to Find Birthday Matches
Understand why a room of just 23 people has a 50% chance of a shared birthday.

Monte Carlo Simulation: Finding Your Best Partner with Probability
Understand why the best candidate is found 37% of the time using a simple mathematical rule.

How to Shuffle a Deck and Calculate Poker Odds
Learn how to use Monte Carlo simulations to estimate the probabilities of poker hands.

Monte Carlo Simulation for Competitive Bidding: Maximize Your Profits
Learn how to use Monte Carlo simulations to determine the optimal bid in competitive situations.

How to Use Risk Optimizer for Smarter Business Decisions
Discover how to set constraints, analyze uncertainty, and optimize business decisions with Risk Optimizer.

How to Use Risk Optimizer to Maximize Profit Under Uncertain Demand
Learn how to use Monte Carlo simulations and Risk Optimizer to determine the best order quantities under uncertain demand.

How to Use Risk Optimizer to Minimize Staffing Shortages
Explore how Excel’s Risk Optimizer helps hospitals create optimal shift schedules while managing risk.

Bid Optimization: Finding the Perfect Price with RISKOPTIMIZER
Master Monte Carlo simulations to model competitor pricing and optimize bidding strategies.

How to Use Monte Carlo Simulation for Critical Decision-Making
Master Excel’s probability modeling techniques to balance risk and success in high-stakes scenarios.

Monte Carlo Simulations: Optimizing Job Sequencing Under Uncertainty
Learn how to use Monte Carlo simulations to determine the optimal job sequence under uncertain durations.

Capital Budgeting: Choosing the Best Portfolio of Projects
Learn how to use Monte Carlo simulations to optimize project selection under budget constraints.

How to Simulate Correlated Risks & Forecasting Errors
Master Excel’s probability modeling tools to analyze dependent risks and forecasting errors.

Portfolio Analysis: Modeling Daily Correlated Stock Movements
Use Monte Carlo simulations to track portfolio volatility and stock co-movement.

Portfolio Optimization: Generating Investment Forecasts
Learn how to generate thousands of investment scenarios using Monte Carlo simulations.

How to Use Value at Risk & Sharpe Ratio for Portfolio Optimization
Master Excel’s probability modeling tools to balance risk and return in investment portfolios.

How to Use Stress Testing & Downside Risk for Smarter Investing
Discover how stress testing and downside risk adjustments improve portfolio resilience.

How to Control Portfolio Risk with Beta & Conditional Value at Risk (VAR)
Learn how to use Monte Carlo simulations to optimize portfolios by controlling Beta and Conditional Value at Risk (VAR).

How to Fit a Distribution to Real-World Data
Learn how to use Excel’s distribution fitting to find the best random variable model for your data.

Monte Carlo Simulations: Fitting a Continuous Random Variable to Data
Learn how to fit a continuous probability distribution to real-world data using Monte Carlo simulations.

How to Optimize Bidding Strategies & Avoid Overpaying
Learn how to use Monte Carlo simulations to determine the optimal bid and avoid the winner’s curse.

How to Price Call & Put Options Using the Black-Scholes Model
Explore how Excel’s financial modeling tools can be used for options pricing and risk assessment.

How to Forecast Future Stock Prices with Monte Carlo Simulations
Learn how to use lognormal distributions and Monte Carlo simulations to model stock prices.

How to Analyze Option Strategies Using Monte Carlo Simulations
Master Excel’s probability modeling tools to analyze risk, reward, and expected returns for different options trades.

How to Model Decision-Making Under Uncertainty Using Utility Theory
Learn how utility theory explains decision-making under uncertainty and risk aversion.

Portfolio Optimization with Exponential Utility: Balancing Risk & Return
Learn how to estimate a person’s utility function and apply it to decision-making.

Investment Strategy: Optimizing Asset Allocation with Expected Utility
Master Excel’s probability modeling tools to balance risk and return in investment decisions.

Project Planning: Estimating Completion Times with @RISK
Learn how to use Monte Carlo simulations to estimate uncertain project completion times.

How to Identify Critical Activities in Project Management
Learn how to use Monte Carlo simulations to calculate the probability that a project activity is critical.

How to Use Resampling to Compare Two Data Sets Without Assumptions
Learn how resampling can be used as a simple, assumption-free alternative to traditional statistical tests.

Using Monte Carlo Simulations to Determine Drug Effectiveness
Learn how Monte Carlo simulations help determine whether a new cancer drug is more effective than the current treatment

Statistical Analysis: Evaluating the Fairness of the Vietnam War Draft Lottery
Learn how Monte Carlo simulations help determine whether the 1970 draft lottery was truly random.

Financial Modeling: Analyzing Stock Betas with Monte Carlo
Learn how Monte Carlo simulations can determine the probability that a stock has the highest or lowest beta.

How to Avoid Losing Money in Bidding Wars Using Monte Carlo Simulations
Learn how Monte Carlo simulations reveal the risks of bidding with asymmetric information.

How to Use Excel to Prove a Surprising Coin Toss Probability
Learn how Monte Carlo simulations reveal why certain coin toss sequences are more likely to appear first.

How to Detect Financial Fraud Using Statistical Analysis
Learn how Monte Carlo simulations could have exposed Bernie Madoff’s fraudulent returns.

How Fortune 500 Companies Minimize Foreign Exchange Risk
Master Excel’s risk modeling tools to ensure currency fluctuations don’t hurt financial targets.

How to Avoid Overstocking & Stockouts Using Monte Carlo
Discover how to use risk modeling to determine the best order quantities for seasonal items.

How to Optimize Retail Reordering Decisions Using Monte Carlo
Learn how Monte Carlo simulations help retailers decide when and how much to reorder inventory.

How to Maximize Retail & Manufacturer Profits Using Risk Analysis
Discover how to balance profit margins for manufacturers and retailers using strategic ordering.

Financial Modeling: Buyback Pricing & Wholesale Optimization
Learn how to use Monte Carlo simulation to optimize buyback contracts and maximize supply chain profits.

Financial Modeling: Revenue Sharing & Wholesale Pricing
Master Excel’s Monte Carlo tools to set optimal wholesale prices and revenue-sharing fractions for better financial outcomes.

How to Maximize Supply Chain Profits Using Risk Modeling
Discover how Monte Carlo simulations can maximize total supply chain profitability through pricing and order quantity strategies.

How to Value Path-Dependent Options Using Monte Carlo Simulation
Master Monte Carlo simulation techniques for pricing complex derivatives in financial modeling.

How to Price Options Using Risk-Neutral Monte Carlo Simulation
Discover how stock price modeling and discounted cash flow analysis help determine option values.