ModelRisk 3.0 and Academic License Promotion
9 April, 2010
ModelRisk now has the capability to perform Monte Carlo simulations within your Excel model, so you can understand and manage the risks of your business.
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Instead of just an add-on to other simulation applications, ModelRisk is now a comprehensive Monte Carlo simulation suite within Excel. Results are presented in a separate window that allows you to customise, save and share a comprehensive range of graphical and statistical analyses. ModelRisk incorporates a truly complete range of distributions. Graphical interfaces, categorisation by function, fitting to data and a detailed interactive guide on the theory and use of each distribution help ensure that you find the correct distribution for your problem. You can also create your own distribution using the Shaper tool. |
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Simulating time seriesModelRisk has built-in tools for simulating time series, together with graphical interfaces and fitting to data to ensure that you understand and select the right time series model. The custom time series tools also let you create your own expert-based forecasts. CorrelationModelling any correlated behaviour between distributions is a critical component in risk analysis. ModelRisk allows the user to visualise and fit correlation structures to data through its copula tools. Through its unique approach to correlating variables, any number of distributions can be correlated. ModelRisk’s own data copula offers a powerful way to replicate any unusual correlation pattern. |
Optimiser
ModelRisk Professional incorporates the world’s leading simulation optimiser from OptTek Systems. Targets, constraints, decision variables and requirements are all defined with ModelRisk functions within the Excel spreadsheet. A graphical interface reports the optimiser’s progress and allows the user to insert optimal solutions back into the model with one mouse click.
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For more information on ModelRisk, including software details, product variants and prices, click here. You can also download a fully functional, time-limited trial version here.
Academic License Promotion
Hearne is offering special prices for academic licences from 1 April - 31 May 2010. The discounted prices are available here during the promotion period.