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CP045: Introduction to Monte Carlo Simulations in Excel

  • Last updated on September 30, 2015
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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

Podcast: Play in new window | Download

Subscribe: RSS

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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    December 18, 2010 at 2:25 am

    I am not getting sound from the videos. I have checked all the settings and spent several hours searching the Internet to no avail.

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  5. anne says:
    October 15, 2012 at 6:32 pm

    Is there anyway to get the Grand Total to be broken out in the same fashion as the items above it?  For instance, if you have in column 1, widget a, widget b, and have their sales by month in column 2, I'd like to see the grand total also be by month, for widget a & b combined.

    I can't get anything other than a single line for the grand total, rather than the same format as the data above.

    Widget A       Month    Sales
                        Jan        100
                        Feb        200
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    Grand total - here I would also like to have Jan, Feb.
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