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Summary:
- Excel's "uniform" distribution function generates random numbers according to a uniform distribution with a specified seed number. - The first random number generated by the algorithm follows a predictable pattern based solely on the seed number, but subsequent random numbers are truly random and uniform. - There is no specific range of seed numbers to stay within, but it's generally a good idea to choose a seed number that is easy to remember or document. - Excel's random number generator is a pseudo-random number generator, which can lead to patterns or biases in the generated numbers. - To mitigate this issue, you can use a different random number generator, such as the Mersenne Twister algorithm, or third-party add-ins for Excel. Steps to mitigate issues with Excel's random number generator:
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