What's a a good cheap Monte Carlo add-in for Excel?

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G

Guest

I am looking for an inexpensive add-in to Excell that will allow me to do
simple Monte Carlo analysis. Commercial applications are too expensive and
unnecessarily advanced for my needs.

Any ideas?

Thanks
 
Gus said:
I am looking for an inexpensive add-in to Excell that will allow me to do
simple Monte Carlo analysis. Commercial applications are too expensive and
unnecessarily advanced for my needs.

Any ideas?

Thanks
Click to expand...

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Personally, I just use a macro. You can write one to add a random delta to a
cell(s) and see if it makes the result in some other cell better or worse. If
it's better you keep the new value and loop again. If it's worse you throw away
the new value and loop again.

That's about as cheap as I know how to do it.

Bill
 
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