CP045: Introduction to Monte Carlo Simulations in Excel

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

Introduction to Monte Carlo simulations in Excel - Chandoo.org podcast - session 045

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

Listen to this session

Click here to download the MP3 file.

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.

Please click here to know more about 50 ways program

Transcript of this session:

Download this podcast transcript [PDF]

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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21 Responses to “Make a Pivot Table in Excel [15 Second Tutorial]”

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  11. Priscilla says:

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