Building Monte Carlo Model with Dice Roll

Date 31 August 2020
Author ExcelDepo
Category Statistics
Type XLSM

There is an Excel file that teaches how to perform the Building Monte Carlo Model with Dice Roll operation.

Excel Source: Building Monte Carlo Model with Dice Roll

The Monte Carlo method is modeled and visualized with VBA through a dice roll simulation in this file. Additionally, a distribution histogram is created from the results of a large number of trials. Thus, probabilistic convergence and the law of large numbers are experienced in Excel. For this reason, a concrete and entertaining application example is presented in statistics education. Therefore, combined use of VBA loop and random number generation is reinforced through this example.

Hope it is useful.

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