Monte Carlo Forecasting Using Excel

In this video, I walk you through a Monte Carlo simulation using real grocery sales data from the US. You'll learn how to deseasonalize and detrend a dataset, extract the random components, and build a Monte Carlo simulation model in Excel to forecast potential outcomes. This step-by-step tutorial is perfect for anyone looking to apply simulation techniques to real-world data, using Excel as an analytics tool. The link for the Excel file: https://tinyurl.com/montecarloforecasting