Correlation and Directionality

Correlation and Directionality

This is the second in a series of postings about correlation modelling.  In the first posting we discussed the idea of correlation as representing a proxy model of dependency between random variables. In this posting, we discuss the idea the often overlooked concept...
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Getting Started Workshop Course Description Half-Day Getting Started Classes Delivered Online This hands-on workshop is designed to help new users of Palisade’s @RISK get started using Monte Carlo simulations to model uncertainty in their risk or decision analysis...
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Why Analyzing Suboptimal Decisions is Important

A Purchasing Strategy Example Palisade’s PrecisionTree software allows you to analyze the probabilities of different outcomes, and their impacts, in sequential, multi-stage decisions. The decision trees in PrecisionTree show the probabilities of these outcomes...
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@RISK Reporting in Excel

The @RISK — Excel Reports command selects reports to be generated on the active simulation results, or the current model definition. A variety of different pre-built simulation reports are available directly in Excel at the end of a simulation. The Quick Report is a...