The 2022 FIFA World Cup is right around the corner and the tournament predictions are pouring in. While checking team rankings and relying on gut instinct might be the classic approach to choosing your champion, risk analysis software is changing the game by helping...
This blog briefly posts some fairly standard “best practice principles” in Excel modeling. The following principles are generally to be applied to Excel models (in fact, in practice, many of these may need to be varied or interpreted in a slightly different way than...
Modeling from empirical data takes observed information and attempts to replicate that information in a set of calculations. There are a number of relationships to account for when incorporating those data in a model. These relationships include dependencies and/or...
This blog briefly posts some fairly standard (but not fully accepted, and more often simply not implemented!) “best practice principles” in Excel modelling. A later blog discusses a related topic as to whether risk modelling (when building Monte Carlo simulation...
