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Monte Carlo Simulation Fundamentals

Description

In this course you will learn to use Monte Carlo simulations to better your decision making when dealing with uncertainty.

Do you need to make a difficult decision about some uncertain future outcome? Maybe you need to estimate a project cost or schedule, or create a forecast for when your agile-developed software product can be delivered to customers. In this course, Monte Carlo Simulation Fundamentals, you’ll learn how to model these and other uncertainties using a Monte Carlo simulation model in Microsoft Excel. First, you’ll learn why you’ll want to use Monte Carlo simulation to solve estimation problems. Then, you’ll learn how to create a Monte Carlo simulation from scratch, and how to use pre-built Monte Carlo simulation models. Finally, you’ll discover some more complicated problems that commercial Monte Carlo simulation products can solve. By the end of this course, you’ll know what a Monte Carlo simulation is, why it’s used, and how to create your own Monte Carlo simulation using the built-in functions inside Microsoft Excel.

Tags
Online Courses

Pluralsight

Monte Carlo Simulation Fundamentals

Affiliate notice

  • Type
    Online Courses
  • Provider
    Pluralsight

In this course you will learn to use Monte Carlo simulations to better your decision making when dealing with uncertainty.

Do you need to make a difficult decision about some uncertain future outcome? Maybe you need to estimate a project cost or schedule, or create a forecast for when your agile-developed software product can be delivered to customers. In this course, Monte Carlo Simulation Fundamentals, you’ll learn how to model these and other uncertainties using a Monte Carlo simulation model in Microsoft Excel. First, you’ll learn why you’ll want to use Monte Carlo simulation to solve estimation problems. Then, you’ll learn how to create a Monte Carlo simulation from scratch, and how to use pre-built Monte Carlo simulation models. Finally, you’ll discover some more complicated problems that commercial Monte Carlo simulation products can solve. By the end of this course, you’ll know what a Monte Carlo simulation is, why it’s used, and how to create your own Monte Carlo simulation using the built-in functions inside Microsoft Excel.

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