Advanced Excel Modeling with Stochastic Simulation Decision Strategies Training
Channel: DecisionStrategies
Date: 24/09/2015

James Maffione, Senior Analyst and Instructor with Decision Strategies Inc. gives an overview of the Probabilistic Modeling - Advanced Excel, Monte Carlo Simulation training course.

http://www.decisionstrategies.com/

Probabilistic Modeling - Advanced Excel, Monte Carlo Simulation

This course helps students to gain a strong fundamental knowledge of economic analysis, modeling with Microsoft Excel, and the use of the probabilistic simulation software Crystal Ball. More than a “how-to” course, we provide an example and exercise filled approach to cover why you would want to evaluate using simulation and highlight the decisions that are affected by the assessments.

Topics include: an introduction to the principles of decision analysis, greater understanding of financial metrics and their calculation, how to design Monte Carlo simulation models and interpret the results, practical application of “power user” Excel formulas, how to properly assess data and interview subject matter experts, interpretation of time series data in a probabilistic context, best practices for incorporating correlation, basic VBA macro programming, and cost and schedule estimation modeling.

This course is perfect for anyone in a role that includes economic modeling. Beginners entering an analysis role will gain strong fundamental knowledge and start their modeling career with the “right habits”. Seasoned experts will gain new insight into the power and versatility of Microsoft Excel and Crystal Ball.

Decision Strategies regularly offers clients personalized in-house training programs. If your company uses @RISK more frequently than Crystal Ball please contact us at www.DecisionStrategies.com and we can customize a course to be held at your office, devoted to your personnel.

Expanding knowledge and skills through ongoing professional development is a powerful competitive advantage for our clients – both individually and organizationally – and is consistently linked to greater engagement and enhanced performance.

We offer customized training and capability development programs which can be tailored to meet the specific needs, goals, and time commitments of our clients, as well as open training courses and events which can be attended by professionals from any industry. Our courses have a proven track record for client success and provide the knowledge, tools, and resources which drive better, more consistent performance.

Courses are taught by industry veterans who have the experience and breadth of knowledge critical in a learning and development environment. We incorporate a variety of teaching and facilitation techniques to enhance the experience and ensure the information is not only learned, but retained. We strongly believe in using a practical, real-world approach to our training to ensure the tools, information, and knowledge obtained can be applied and put to use immediately.

Our training and development courses are designed for all levels of professionals – from members of project teams to executives – and span a variety of topics: