Modeling Risk with Monte Carlo Simulation

These scenarios will help you to make better business decisions by helping to quantify unfavorable scenarios.

This course will cover the basics and then go through five scenarios to help you understand the basics of Monte Carlo Simulation.

This technique allows us to simulate multiple uncertainty scenarios simultaneously.

Traditional scenario analysis is based on a few "best case" and "worst-case" scenarios that are not scientifically sound. Even basic Monte Carlo simulation can help businesses model uncertainty and risk more effectively.

This course will teach you how to use Monte Carlo simulation to model and quantify uncertainty.