LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #5   Report Post  
Posted to microsoft.public.excel.programming
external usenet poster
 
Posts: 829
Default Random Generator in Excel?

"Rebekka-Marie" wrote:
Am Montag, 20. August 2012 19:08:54 UTC+2 schrieb joeu2004:
you might take a look at the RNGs provided with the
Data Analysis tools.
Alternatively, you can craft your own RNG using RND
and RANDBETWEEN functions.

[....]
This is exactly what I need. Could you explain to me
in further detail what to do for my case:
Total demand for 1 month: 150 units
Covariance: 0,5
- Distribute 80 units randomly over 30 cells.


I can probably help. But your terminology is unclear to me.

First, it is unclear which of the two alternative are "exactly what you
need". Did you look at the RNGs in the Data Analysis tools?

-----

Second, do you really mean "variance", not "covariance"? And do you really
mean "standard deviation", not "variance"?

"Covariance" is a measure of the relationship between two random variables.
That does not seem to be the case here. See the Excel Help page for COVAR.

It is not uncommon for people to misuse the term "variance" (var) when they
really mean "standard deviation" (sd). Technically, var is the square root
of sd. See the Excel Help pages for VARP and STDEVP.

Alternatively, perhaps you do not mean any of those statistical terms. It
is not uncommon for accountants, for example, to talk about "variance" when
they simply mean "variation" (difference).

-----

Third, I am confused by your two facts: 1 month demand of 150 units, versus
distributing 80 units over 30 cells.

I do not understand what a cell represents in terms of time: day; month;
something else?

-----

Finally, it is not sufficient to specify total units (80 or 150?),
variance(var = 0.5?), and number of samples (30 cells).

You also need to specify the expected distribution, for example: normal
(bell-shaped), uniform (probably not), poisson, etc?

For a normal distribution, we need to know an average per cell (month?) as
well as the variance or standard deviation.



 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
How do I set up a random name generator in excel (school use) mochapo Excel Discussion (Misc queries) 5 April 2nd 23 07:40 PM
Is there something wrong with the random generator in Excel? JasonK[_3_] Excel Programming 14 March 19th 10 06:55 AM
Can excel be used to create a random number generator? comotoman Excel Discussion (Misc queries) 2 September 16th 05 09:55 PM
Excel 2003 random number generator JJ Excel Discussion (Misc queries) 1 May 4th 05 01:02 PM
How do you create a random number generator in Excel? gmrobillard Excel Worksheet Functions 5 March 23rd 05 09:10 AM


All times are GMT +1. The time now is 08:09 PM.

Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004-2025 ExcelBanter.
The comments are property of their posters.
 

About Us

"It's about Microsoft Excel"