Monte Carlo Simulation using Excel

This video shows you how to do a one-variable Monte Carlo Simulation with a normal distribution using Excel and how to use the results.

[dr.strangelove]

Dr. Burch.. This is very helpful. Would you couple of more examples please?

[SneakersDD]

Thank you. It's helpful. Could you do more videos on Monte Carlo modeling?

[dr.strangelove]

Dr. Burch how do determine the seed number? What does it mean ?

[prabhusrinivasan]

Using a mathematical model, I have estimated some system parameters using Kalman filter. Now I have to verify whether the proposed system is robust against uncertainties. I have estimated data and true sensor data. How to do Monte Carlo analysis with the above mentioned information?