October 2024
Intermediate to advanced
289 pages
9h 18m
English
Content preview from Excel Insights
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An Introduction to Simulation in Excel
by Ian Huitson
What is Simulation?
According to Wikipedia, “…A simulation is an approximate imitation of the operation of a process or system; the act of simulating first requires a model is developed. This model is a well-defined description of the simulated subject, and represents its key characteristics, such as its behavior, functions and abstract or physical properties.”
So, effectively every Excel model is a simulation. Let me be clear: every financial model, every production tracking or estimating model, every bank reconciliation spreadsheet, indeed every Excel model.
In this chapter, we are going to look at two types of models to demonstrate different simulation techniques:
- The first example evaluates ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.