Monte Carlo Methods in Python in Excel | George Mount
Details
SESSION DETAILS
Monte Carlo methods are powerful statistical techniques used to model and simulate the probability of different outcomes in complex processes. They are invaluable in business for risk assessment, financial modeling, and decision-making under uncertainty.
In this session, we will explore how Python in Excel is a game-changer for Monte Carlo methods. Python's robust libraries and Excel's widespread accessibility create a dynamic duo for performing sophisticated analyses without the need for expensive software.
We'll start by demonstrating how to generate synthetic data using the Faker package, providing a foundation for our simulations. Then, we'll leverage packages like NumPy and Matplotlib to build and visualize real-world business simulations. Whether you’re assessing project risks or predicting market trends, this webinar will equip you with practical skills to enhance your analytical toolkit.
***Note: Attendees are encourage to follow along – get all the details on how to load Python in Excel at https://support.microsoft.com/en-us/office/get-started-with-python-in-excel-a33fbcbe-065b-41d3-82cf-23d05397f53d***
ABOUT THE SPEAKER
George Mount is the founder and Stringfest Analytics, where he focuses on Excel training and consulting for analytics. He is the author of Advancing into Analytics: From Excel to Python and R (O’Reilly Media, 2021) and Modern Data Analytics in Excel: Using Power Query, Power Pivot and More for Enhanced Data Analytics (O’Reilly Media, 2024). George is also a recipient of the Microsoft Most Valuable Professional (MVP) award for exceptional technical expertise and community advocacy in the field of Excel.
Find more about George's work and connect with him:
Website: https://stringfestanalytics.com/
LinkedIn: [Linkedin.com/in/gjmount ](https://www.linkedin.com/in/gjmount/)
Twitter: https://x.com/gjmount
AGENDA (Eastern Time)
6:30 PM - 6:40 PM- Introduction
6:40PM - 7:40 PM - "Monte Carlo Methods in Python in Excel " by George Mount
7:40PM - 8:00 PM - Q&A + Closing by Gráinne Duggan and MS Excel Toronto Team
REGISTRATION
This session will be hosted on Microsoft Teams and recorded to share with others who could not attend live. You must register for the event to access the Teams Meeting link, which will become visible after you RSVP Yes.
JOINING THE EVENT
The link will be visible only if you RSVP beforehand.
During the speaker's presentation, we ask that attendees ensure they are on MUTE to avoid background noise and distractions.
Attendees can type questions and comments into the chat, which will be monitored by the event hosts.
At the end, there will be time for Q&A, where attendees can unmute their mic and even share their video to ask questions.
**NOTE: As mentioned, this event will be recorded and shared on YouTube and other social media platforms; therefore, attendee information may be visible in the recording.
We are looking forward to meeting you there!
