VIDEO: Run Monte Carlo simulations in Excel with this simple workaround.

Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation. The toolkit uses a proprietary coding language, ThetaML, ...

This article derives an estimation procedure to evaluate how many Monte Carlo realizations need to be done in order to achieve prescribed accuracies in the estimated mean value and also in the ...