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Download full textFish, Laurel J.; Halcoussis, Dennis; Phillips, G. Michael – American Journal of Business Education, 2017
The Monte Carlo method and related multiple imputation methods are traditionally used in math, physics and science to estimate and analyze data and are now becoming standard tools in analyzing business and financial problems. However, few sources explain the application of the Monte Carlo method for individuals and business professionals who are…
Descriptors: Statistical Analysis, Monte Carlo Methods, Spreadsheets, Simulation
