How to use Monte Carlo simulation in excel?
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Monte Carlo simulations are a mathematical technique that uses randomness to solve problems that might be too complex for exact calculations. Instead of finding a precise solution directly, we simulate thousands or even millions of random trials, then use the results to estimate probabilities, averages, or outcomes. The name comes from the famous Monte Carlo casino, since the method relies heavily on chance. These simulations are used everywhere—from physics and engineering to finance and comput
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