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Monte Carlo simulation of a sample size that used Monte Carlo

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Hello everyone, I'm looking to create 1,000 simulations using Monte Carlo methods for a sample size of 200 KPIs. While I can easily generate sample populations of varying sizes, I’m facing challenges with calculating the average, minimum, and maximum of a sub-population across a set number of recursions. I believe there might be a straightforward approach to achieve this without resorting to complicated coding or calculations that would slow down Excel. Any insights or advice would be greatly appreciated! Thank you, Mike

Hi All,

I need to create 1000 simulations of a Sample Size of 200 KPIs

I'm using Montecarlo / norm.inv and rand to get my sample population and I can get 200 or 200,000 no problem

But trying to create the 2nd part where it will calculate the average and min and max of a sub-population a set number of recursions is causing me challenges

I feel like there should be an easy way to do this without needing to code or having some super burdensome calculations that crush the excel

Any Advice?

Mike

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