Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation. The toolkit uses a proprietary coding language, ThetaML, ...

VIDEO: Run Monte Carlo simulations in Excel with this simple workaround.

Monte Carlo simulation is a mathematical technique for considering the effect of uncertainty on investing as well as many other activities. A Monte Carlo simulation shows a large number and ...

This article derives an estimation procedure to evaluate how many Monte Carlo realizations need to be done in order to achieve prescribed accuracies in the estimated mean value and also in the ...