An Excel add-in for performing Monte Carlo simulations and risk analysis, allowing users to model uncertainty and analyze potential outcomes directly in spreadsheets.
XLSim
- Excel
- Data Analytics, Finance, Mathematics, Project Management, Simulation
- Financial, Project Management, Risk Analysis, Simulation, Statistical Analysis
Features:
- Monte Carlo simulation, probability distributions, sensitivity analysis, scenario analysis, correlation modeling, forecasting, custom VBA functions for simulation, results visualization (histograms, charts)
Pricing:
- Paid
- Integrates Monte Carlo simulation capabilities into Excel, user-friendly for building risk models and performing uncertainty analysis, good for financial modeling and project risk assessment.
- Commercial software, may have fewer advanced features or distribution types compared to more specialized risk analysis suites (@RISK, ModelRisk), documentation and community support might be less extensive.
Best for:
- Excel users needing to incorporate Monte Carlo simulation for risk analysis and forecasting into their spreadsheet models, particularly in finance and project management.