Modern technology provides managers and accountants the means to effectively and efficiently perform increasingly complex quantitative analyses related to decision-making and financial reporting. With ...

It is possible to do Monte Carlo simulations using ordinary spreadsheet software, but many forecasts use specialized statistical software packages to generate the simulations.

Monte Carlo simulations may also help shed light on sequence-of-returns risk, which is the danger that the timing of withdrawals from a retirement account can negatively impact the returns it will ...

Monte Carlo is based on using an assumed rate of return and an assumed level of volatility as measured by standard deviation, she said. Read How to Use Monte Carlo Simulations for Retirement Planning.

This article derives an estimation procedure to evaluate how many Monte Carlo realizations need to be done in order to achieve prescribed accuracies in the estimated mean value and also in the ...