Has anyone ever created a spreadsheet that used Monte Carlo Simulation?
I've been able to create one that works using the random number
generator in conjunction with discrete probability distributions -
that's fairly easy, just assign a probability to each discrete value in
the distribution and then decide whether or not to select it using a
randomly generated number.
However, I want to perform a Monte Carlo simulation that uses a
-continuous- (not discrete) probability distribution, but have no idea
how I would use the random number generator to then select a value from
the distribution based on its probability of occurance.
I know it can be done, I just have no idea how!
Anyone done anything like this before?
Cheers
-Rob
--
TheRobsterUK
------------------------------------------------------------------------
TheRobsterUK's Profile:
http://www.excelforum.com/member.php...fo&userid=9924
View this thread:
http://www.excelforum.com/showthread...hreadid=470103