
Monte Carlo Simulation in Excel: A Free @RISK Alternative
Model uncertainty and evaluate potential outcomes with Monte Carlo Simulation in Excel. This tutorial explains how to generate random variables, define probability distributions, run thousands of simulation iterations, analyze risk, calculate confidence intervals, and visualize results using charts and summary statistics. You’ll also learn practical applications for finance, project management, investments, forecasting, and operational planning. Ideal for analysts, finance professionals, project managers, students, and Excel users who want to make more informed, data-driven decisions under uncertainty.










