Build A Simple Stochastic Model For Predictive Analysis In Excel – Using RAND And VLOOKUP
5:52
YouTubeThe Excel Hub
Build A Simple Stochastic Model For Predictive Analysis In Excel – Using RAND And VLOOKUP
We build a simple Stochastic Model for forecasting/predictive analysis in Excel. This can be used to model uncertainty such as trying to predict sales for a given product. We’ll start by building a probability table to identify the likelihood of each sales outcome, we will then generate random numbers using the RAND function and retrieve the ...
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