Walkthrough Monte Carlo Simulation using @Risk

#atrisk #montecarlosimulation #montecarlo #analytics #businessanalytics #simulation #riskanalysis #palisade
This video demonstrates how to figure out what @Risk functions to use for business simulation problems.
💻 Other Simulation videos
➡ Business Simulation Introduction: • Business Monte Carlo S...
➡ Donation Example: • Donation Example in Bu...
➡ Software Development Example: • Software Development E...
➡ Stock Portfolio Example: • Stock Portfolio Exampl...
➡ Use @Risk to generate numbers: • Generate Numbers using...
➡ Walkthrough Simulation using @Risk: • Walkthrough Monte Carl...
💻 Other Business Analytics topics
➡ Introduction to Business Statistics: • Intro to Business Stat...
➡ Linear Regression: • Everything about Linea...
➡ Decision Analysis (using PrecisionTree): • Decision Analysis
➡ Linear Programming (using Lingo): • Linear Programming
➡ XLSTAT tutorials: • XLSTAT Tutorials for B...

[@OnlineBusinessAnalytics]

Correction:
Time Stamp 5:30, 100-16-16 = 68, not 64. The Empirical Rule indicates that 68% of the observations fall within +/- 1 standard deviation of the mean. Everything else in the video is accurate, except 64%. I misspoke here. The text solution posted in Canvas is also accurate. My apologies!