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A Monte-Carlo analysis can be created in minutes with no manual modifications to the original spreadsheet. Built in probability distributions including:
Data shuffling methods including simple shuffling and shuffling with replacement to allow ‘Bootstrap’ style analyses for industries such as biological science. Automatic calculation of key statistics for each analysis and for each user defined discrete probability distribution.
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The only Monte-Carlo analysis tool that works with both iWork ‘09 and Microsoft Excel 2008. Risk Engine is used around the world by people working in disciplines as diverse as finance, biological sciences, rocket science and rock engineering. User defined discrete distributions can be imported directly from spreadsheets, CSV files or entered directly allowing virtually any probability distribution to be approximated. Built in generation of probability density histograms for model outputs for quick visual understanding of the model behaviour. Set the seed value for each analysis to give maximum repeatability and audibility in the models. |
