![]() ![]() It is unnecessary to embed custom functions into your workbooks. You do not need to know statistics or how to write probability formulas in order to use the Risk Analyzer. Monte Carlo simulation is simply the creation of many "what if" cases to determine the expected results of a study. The Risk Analyzer works by doing Monte Carlo simulations. ![]() In addition to result charts like the one above, the Risk Analyzer also gives you histograms that show cumulative probabilities and tornado charts that show the sensitivity of the output variables to your input variables. The Risk Analyzer gives you tables and graphics that illustrate the risks of the proposal. It is compatible with Microsoft Excel 2007 to 2021 and Office 365. Then the Risk Analyzer add-in for Microsoft Excel is If you are evaluating an investment proposal,Ī proposal involving financial risk, or a scientific study,
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