- March 27, 2019
1:00 pm - 4:00 pm
NOTE THE LOCATION FOR THIS LAB IS AT THE AIM GROUP, 130 ALBERT ST
We often hear of people being shown the results of Monte Carlo simulations, or maybe reading about them and wondering if they can be applied in their work environment.
This workshop aims to demystify what Monte Carlo Methods are and we will walk through a facilitated session building up a simulation (using Oracle Crystal Ball) to show the component pieces and strategies used.
“Their essential idea is using randomness to solve problems that might be deterministic in principle. They are often used in physical and mathematical problems and are most useful when it is difficult or impossible to use other approaches. Monte Carlo methods are mainly used in three problem classes: optimization, numerical integration, and generating draws from a probability distribution”
We also encourage you to bring along your problems so that we can group brainstorm solutions together.
Some topics are fixed (e.g. the third Wednesday in every month is a Power BI lab) and the other sessions will be announced typically with 2 weeks notice.
We aim to run a minimum of 3 labs per month
Venue: The AIM Group