After selection of a particular distribution, a window prompts the user to provide the parameters necessary to describe the distribution. Provision for correlation is made only for normal random variables through an Excel template based on Cholesky factorization. The simulation is stopped only upon reaching the number of iterations set by the user. Distribution sampling is performed using true Monte Carlo, with or without a seed. Cells display the Monte Carlo draw for that iteration.
Outputs are limited to five.
The upgrade increases the number to 10. Reports are simplistic. Charts are rudimentary Excel charts. The user can dress them up but out of the box, they are not of industrial quality. Insight Percentile Chart Buy Insight for learning, but not for industrial strength.