This note provides a step-by-step instructions on how to build a Monte Carlo model in Microsoft Excel add-in without using tables. The note explains the difference between "casual" and "evenly distributed." The note also explains the function Excel RAND () works, how to use Excel functions such as NORMINV () to simulate random numbers from the distributions of non-uniform, and how to use the VLOOKUP () with tabular data to model number from any arbitrary distribution and how to use data tables to several iterations of the simulation. The note concludes with an example that illustrates the application of these concepts. "Hide
by Gregory S. Zaric 12 pages. Publication Date: April 20, 2009. Prod. #: 909E04-PDF-ENG
