# CP045: Introduction to Monte Carlo Simulations in Excel

Posted on September 24th, 2015 in Chandoo.org Podcast Sessions - 1 comment

In the 45th session of Chandoo.org podcast, let’s get in to Monte Carlo simulations.

### What is in this session?

In this podcast,

• Quick personal updates – 200km BRM and book delay
• History of Monte Carlo simulations
• Monte Carlo simulations – an example
• How to do simulations in Excel
• Formulas
• VBA
• Data Tables
• Using data tables to run simulations – case study – estimating Pi value
• Things to keep in mind when setting up your simulation models
• Resources on Monte Carlo simulations in Excel
• Conclusions

### Resources on Monte Carlo simulations

Articles & tutorials on data tables & Monte Carlo simulations

Example workbook – Estimating Pi value with Monte Carlo simulations

Courses:

50 ways to analyze data is a comprehensive online course to help you become a better analyst. In this course, you will learn how to create Monte Carlo simulations, optimization models, advanced analysis models & visualizations.

### Simulate stuff? Stimulate someone, share stories…

Do you simulate stuff at your work (or personal life)? If so, please share your experience with rest of Chandoo.org audience. Post your simulation process, tips & ideas in the comments section.

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 Written by Chandoo Tags: advanced excel, data tables, downloads, modeling, monte carlo simulations, Pi, podcast Home: Chandoo.org Main Page ? Doubt: Ask an Excel Question

### One Response to “CP045: Introduction to Monte Carlo Simulations in Excel”

1. Maxim says:

Simulated inventory planning process at work and for academic purposes. Originally Excel+VBA model, then it was extended and converted to Anylogic software:

http://www.runthemodel.com/users/252/

Excel knowledge helps alot at model output verification step :).

P.S. I think chandoo.org is the best excel site in the web, reading it for 2+ years

 How countries spend their money – chart alternatives Unpivot data quickly with Power Query [tutorial]