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 ...

Monte Carlo simulation is a mathematical technique for considering the effect of uncertainty on investing as well as many other activities. A Monte Carlo simulation shows a large number and variety of ...

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 ...

Numbers are rather useful. This is unfortunate, because they're also rather confusing. Our brains have a hard time making sense of lists of numbers, so we employ an imaginary friend to help us — the ...

I am looking to estimate the potential for failure in a complex system using Monte Carlo simulation. I am quite familiar with using MC for engineering simulations, but have never approached the ...

The holy grail of Internet personal finance sites has been to create a retirement-planning calculator that’s almost as good as a face-to-face consultation with a financial planner. Now some sites ...

Bob’s financial advisor just ran a “Monte Carlo analysis” for him.What’s a “Monte Carlo analysis”?It’s a tool used to test how a person’s retirement savings and plan would hold up given a variety of ...