In finance, option pricing is a term used for estimating the value of an option contract using all known inputs. Monte Carlo Simulation is a popular algorithm that can generate a series of random variables with similar properties to simulate realistic inputs. In this...
Recursive simulations of spreadsheet models constitute one of the more advanced uses of Excel across various industries, although perhaps most commonly in the financial services industry. Often, third-party add-ins are utilized to run Monte-Carlo simulations in Excel....
