Simulation models are used in many fields, such as finance, insurance, medicine, oil and gas exploration, accounting or sales forecasting. The Monte Carlo simulations in XLSTAT allow you to define the distributions and then, through simulations, to obtain an empirical distribution of the input and output variables and the corresponding statistics. ![]() If some "result" variables depend on these "distributed" variables via known or assumed formulas, then the "result" variables will also have a distribution. Simulation models allow us to obtain information such as mean, median, or confidence intervals about variables that do not have an exact value, but for which we either know or assume a distribution. This tutorial will help you set up and run a simple simulation model in Excel using the XLSTAT statistical software.
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