Single License: $125 per Copy
Size: 1.0 Mb

The Monte Carlo method comes down to studying various processes using random numbers. The method makes it possible to evaluate a value that depends on random parameters. It is especially convenient to use this method when it is difficult to get an exact analytical solution.

There are a huge number of such problems with random variables in economics. For example, financial models include such random values as commodity prices and sales. The number of accidents covered by insurance and the sum of compensation are random numbers in insurance. Also, the Monte Carlo method can be used in all kinds of queue models (for example, a call center), where you can use simulation to evaluate the length of a queue, the maximum and average time of waiting, etc.

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Price: 34.95 USD
Size: 180 Kb

Let us present the Smart Goal Seek add-in that extends the capabilities of Excel when you work with the Goal Seek feature. It also offers the powerful Sensitivity Analysis tool.

Now you do not have to use the Goal Seek feature several times in order to determine the value of a cell for several values of its parameter. Just use the Smart Goal Seek feature instead.
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Price: Free
Size: 210 Kb

SmartDel is an Excel add-in that will allow you to clear cells containing only numbers and keep formulas and calculation logics at the same time.

Hotkey: Alt + Del

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