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# All articles in 'simulation' Category

## How to add a lot of Goal Seeking to a model

Published on Jul 4, 2017 in Huis, Posts by Hui, simulation

Recently in the Chandoo.org Forums, MR06 asked the question, “I am trying to create a sensitivity table that tells me what amount of equity I need to include in a deal in order to get a fixed IRR as the year 3 sales price changes.” MR06 was using Goal Seek to change the equity input […]

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## Calculate Pi by throwing Frozen Hotdogs !

Published on Nov 28, 2014 in Huis, Posts by Hui, simulation, VBA Macros

Did you know you can Calculate Pi by throwing Frozen Hotdogs !
No ?
Learn how to calculate Pi by throwing Frozen Hotdogs with this Excel Simulation of Buffon’s Needle.

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## Learn Statistics & Probability using MS Excel

Published on Feb 13, 2012 in excel apps, Excel Howtos, Learn Excel, simulation, VBA Macros

One of the most dreaded courses during my under-graduation is Probability, Statistics & Queuing Theory. We called it PSQT. I struggled to understand the significance and concept of this course as I could barely concentrate in the class. We had a professor, who is probably a genius, but the moment he started the class, I would magically fall in to one of my after-noon naps. When I woke up, we are either in the middle of an elaborate t-test or going thru intricacies of a Markovian queue.

This was all 11 years ago. Later in life, I have embraced the world of probability & statistics. I still fear queues. May be I will get there one day. 😉

A good understanding of statistics & probability theory is necessary if you want to model complex real-life problems using Excel or similar tools. Naturally, Excel has several functions, features & supported add-ins to help you in this area.

1. Learning Statistics & Probability using Excel
3. Full blown models & simulations in Excel
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## Maintenance Work Complete

Maintenance on the 18 month old, Data Tables, Monte-Carlo Simulations and Fractals in Excel – A Comprehensive Guide has been completed.

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## 3D Dancing Pendulums

A quick look at Pseudo 3D and 3D Dynamic Pendulums in Excel.

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## Data Tables and Monte Carlo Simulations (Update)

Published on May 19, 2011 in Huis, Posts by Hui, simulation

Data Tables & Monte Carlo Simulations in Excel – A Comprehensive Guide, has had some housekeeping carried out.

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## Data Tables & Monte Carlo Simulations in Excel – A Comprehensive Guide

If anybody asks me what is the best function in excel I am drawn between Sumproduct and Data Tables, Both make handling large amounts of data a breeze, the only thing missing is the Spandex Pants and Red Cape!

How often have you thought of or been asked “I’d like to know what our profit would be for a number of values of an input variable” or “Can I have a graph of Profit vs Cost”

This post is going to detail the use of the Data Table function within Excel, which can help you answer that question and then so so much more.

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## Deal or No Deal – Download and Play the Popular TV Game Show in Excel

Published on Oct 3, 2008 in Learn Excel, simulation

Ever since we moved to Seattle we have been watching TV game show – Deal or No Deal (for lack of better things to do in the hotel) The game provides an interesting look at human nature and risk taking abilities. People who wouldn’t risk their retirement savings or jobs would go to these game […]

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## Simulating Dice throws – the correct way to do it in excel

Published on Aug 13, 2008 in Learn Excel, simulation

If you ever had to simulate random outcomes in excel sheet, you might have already heard of about the spreadsheet function rand(), this little function generates a random fraction between 0 and 1 whenever you use it. So I usually write =round(rand()*12,0)int(rand()*12)+1 if I need a random number between 0 to 12. Of course, if […]

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## Is Monopoly Fair?

Published on Feb 25, 2007 in Learn Excel, simulation, wonder why

Ever since we have purchased the Monopoly board game, it has become a weekend ritual for us. Almost every Friday/Saturday night Jo would pull out the board, currency, wooden dice, small houses and deed cards and spread them. We are in for a surprise after playing the game for few weeks. As kids we thought […]

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