“Financial Modelling in Practice” — In Print Now!

The highlight of my week has been the publication of my book “Financial Modelling in Practice: A Concise Guide for Intermediate and Advanced Level” by John Wiley&Sons. I wrote the book partly as a result of my experiences running training courses, which showed me that many modellers have a reasonable knowledge of core Excel functionality, […]

Lean Six Sigma Application of Monte Carlo Simulation in Process Industries

On Thursday, November 6, 2008 Ed Biernat, CEO of Consulting with Impact will share the results of a recent Lean Six Sigma Project where his company utilized Monte Carlo simulation to uncover and predicate process inefficiencies. The use of Monte Carlo simulation is growing in Lean Six Sigma applications. The ability to model actual data and then apply […]

Monte Carlo Simulations Halfway through Election Day

Election day is only half over on the East Coast, and already my curiosity has the better of me.  What are the predictions for the presidential race by the next-to-real-time polling websites that I introduced in my blog of October 21?  And–more tantalizing–how will these “results” now spinning out from the pollsters’ statistical analysis engines […]