CP045: Introduction to Monte Carlo Simulations in Excel

In the 45th session of Chandoo.org podcast, let's get in to Monte Carlo simulations.

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

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