Recommended Products, Services and Sites

Excel VBA Tutorial

Anthony's Excel VBA Tutorial Page
Contains Excel and VBA (Macro) tutorial examples on various topics such as finance, mathematics, statistics and other general issues

Microsoft MSDN Library
An essential resource for developers using Microsoft tools, products, and technologies.

Excel Related Products

Strativia Financial Management Software
Strativia is a financial management software development and services company specializing in applications for personal and business use. Strativia is the developer of Budget Forecaster, a powerful home budget and personal finance management application.

Excel Business Tools
Excel templates for financial analysis and business productivity.

Excel VBA Models
Developer of many Excel VBA models in finance and statistics.

Data Mining Tools

Crystal Ball A risk analysis, simulation and optimization software by Decisioneering.

SPSS SPSS Inc. is a leading worldwide provider of predictive analytics software and solutions.

@Risk A Monte Carlo simulation tool.

Professional Services

Legend Financial Advisors Legend Financial Advisors, Inc. is a fee-only U.S. Securities Exchange Commission registered investment advisory firm with its headquarters located in Pittsburgh, Pennsylvania.

Matt H. Evans, CPA, CMA, CFM Financial management and accountancy services.

Other Information Sites

Electronic Statistics Textbook Electronic Statistics Textbook offers training in the understanding and application of statistics.

About Options Options basics introduction from Investopedia.

Wikipedia A multilingual, web-based, free content encyclopedia.

Quick Contact Box

Monte Carlo Simulation

A Monte Carlo algorithm is often a numerical Monte Carlo method used to find solutions to mathematical problems (which may have many variables) that cannot easily be solved, for example, by integral calculus, or other numerical methods. For many types of problems, its efficiency relative to other numerical methods increases as the dimension of the problem increases. Or it may be a method for solving other mathematical problems that relies on (pseudo-)random numbers. Monte Carlo methods are useful for modeling phenomena with significant uncertainty in inputs, such as the calculation of risk in business. Monte Carlo methods have also proven efficient in solving coupled integral differential equations of radiation fields and energy transport, and thus these methods have been used in global illumination computations which produce photorealistic images of virtual 3D models, with applications in video games, architecture, design, computer generated films, special effects in cinema, business, economics and other fields. The advantage Monte Carlo methods offer increases as the dimensions of the problem increase.
More Info