Basic Excel Business Analytics #68: Monte Carlo Simulation Histogram for Construction Project Length

Excel Business Analytics Free Course - Forecasting, Linear Programming, Simulation & more. - Basic Excel Business Analytics #68: Monte Carlo Simulation Histogram for Construction Project Length

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33 learners

What you'll learn

This course includes

19.3 hours of video
Certificate of completion
Access on mobile and TV

Summary

Keywords

Excel Microsoft Excel Highline College Mike Girvin excelisfun Michael Girvin Mike excelisfun Girvin Excel Magic Tricks Business Analytics BI 348 Data Analysis Monte Carlo Simulation

Full Transcript

Download files: https://people.highline.edu/mgirvin/AllClasses/348/348/AllFilesBI348Analytics.htm Learn how to create 4 Random Variables for a Simulation based on 4 relative Frequency Distributions in order to determine the average time to complete a sequential project. Learn how to use LOOKUP and RAND function to create simulation formula and the Data Table feature to run a simulation. Also see how to create a Histogram based on 10,000 simulated values. Download Excel File Not: After clicking on link, Use Ctrl + F (Find) and search for “Highline BI 348 Class” or for the file name as seen at the beginning of the video.

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