Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation. The toolkit uses a proprietary coding language, ThetaML, ...

The term "Monte Carlo" has its origins in the world-renowned Monaco city known for its casinos. In the 1940s, scientists working on the Manhattan Project developed this simulation method to model the ...

The future's uncertain, which is why it's so essential to consider what could happen, or not, from a variety of perspectives. Every attempt at modeling and forecasting is wrong, of course. That's the ...

This paper discusses a value-at-risk (VaR) time-scaling approach based on fitting a distribution function so as to apply a Monte Carlo simulation to determine long-term VaR. The paper uses composite ...

A recent report, “Risky Business: The Economic Risks of Climate Change in the United States,” co-chaired by Michael R. Bloomberg, Henry Paulson and Tom Steyer, suggests that “by 2050 between $66 ...

Mark Cussen, CMFC, has 13+ years of experience as a writer and provides financial education to military service members and the public. Mark is an expert in investing, economics, and market news.