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What is the likelihood of reaching a particular goal? What are the critical factors affecting risk? The answer to these and other common "what-if" scenarios can be determined by assigning probability to unknown variables. Excel cannot handle the complexity of probability analysis, so you need a better tool: Crystal Ball.
Crystal Ball automates the cumbersome "what-if" process using Monte Carlo simulation, by applying a range of values or a probability distribution to each uncertain variable.
The program generates random values from within the defined probability ranges, and then recalculates the model literally hundreds or thousands of times, storing the results of each "what-if" scenario. This time saving process alleviates having to manually enter different scenarios over and over again.
Crystal Ball 2000 Standard is an easy-to-use simulation program that helps you analyse the risks and uncertainties associated with your Microsoft Excel spreadsheet models. |
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