The results have been binned in the figure in increments of 200. One set of parameters had a mean of 1,500 and a standard deviation of 300 and the other set had a mean of 2,500 and a standard deviation of 500. To demonstrate the capabilities, 1,000,000 random values were generated that follow a normal distribution with varying parameters. These functions are available to your VBA macros as well. By specifying the parameters of the distribution the functions return random values whose frequency of occurrence follow the specified distribution. The Mersenne Twister method has a much longer period of 2^(19937 − 1).įunctions are available to the Excel user to provide a random values whose distribution follows statistical functions. After 16,777,216 pseudo random numbers are generated, the identical series of numbers repeats. The native Excel VBA function, RND(), has a period of 16,777,216 numbers. The benefit to this is that the period is much longer than other methods. This Addin utilizes the Mersenne Twister algorithm to generate pseudo random numbers. This Addin for Microsoft Excel aids in the performance of Monte Carlo analysis.
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