Modeling Monte Carlo Simulation

There is an Excel file that teaches how to perform the Modeling Monte Carlo Simulation operation.

Excel Powered Modeling Monte Carlo Simulation

Monte Carlo simulation for uncertain input variables is created using formulas in this file. Additionally, probability distributions and confidence intervals are presented with accompanying charts. Thus, decision-making processes under risk and uncertainty are placed on a numerical basis. For this reason, it is widely preferred in project risk analysis, finance, and insurance calculations. Therefore, a comprehensive introduction is provided for users who want to understand statistical simulation methods.

Hope it is useful.