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Estimate Cost and Profit using Monte Carlo Simulation in Excel

Finally Learn 3,453 2 years ago
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This video shows a Monte Carlo simulation to estimate costs and profits in Excel. The estimated sales, variable costs, and fixed costs are given. Also, an estimate of the standard deviation is shown. Excel: NORM.INV function Data Table PERCENTILE.INC function __________ MENTIONED IN THIS VIDEO Portfolio Forecasting - Monte Carlo Simulation in Excel https://youtu.be/BQSz6Rtm05U __________ LEARN MORE Please Like, Comment, and Subscribe to support our channel. ✅ Subscribe to Finally Learn https://www.youtube.com/finallylearn?sub_confirmation=1 🖥 Visit Finally Learn: https://finallylearn.com/welcome/ 💵 Time Value of Money Playlist: https://youtube.com/playlist?list=PLfGIgQ5MF87AxKStl_GhqJwSCrlC5cMvG 👩‍💻 Excel Basics for Beginners Playlist: https://youtube.com/playlist?list=PLfGIgQ5MF87BO2ScuNUv38qXAPhxSZLz1 📚 Intermediate Accounting Study Guide https://finallylearn.com/intermediate-accounting-study-guide/ 📕 Intermediate Accounting 1 Playlist: https://youtube.com/playlist?list=PLfGIgQ5MF87Ai2bWa1sTxIDRPqr6eNI4s 📗 Intermediate Accounting 2 Playlist: https://youtube.com/playlist?list=PLfGIgQ5MF87ATzNtzfgL0bSim8oh_CJ1t __________ BOOKS I RECOMMEND 📕 The Little Book of Common Sense Investing (Jack Bogle is the father of index fund investing) https://amzn.to/3cOIHi2 📗 A Random Walk Down Wall Street (Burton Malkiel's book on why index funds beat the investing pros) https://amzn.to/3mt6OpX 📘 The Boglehead's Guide to the Three-Fund Portfolio (Simplifying your portfolio with just three funds) https://amzn.to/3cOeEas __________ SAY HI ON SOCIAL 🖥 Website: https://www.finallylearn.com 📸 Instagram: http://instagram.com/finallylearn 📰 Twitter: https://twitter.com/finallylearn 🖥 YouTube: https://www.youtube.com/finallylearn __________ MY GEAR 🎙 My Favorite USB Microphone https://amzn.to/39Dd7Sm 💻 Laptop https://amzn.to/2PVacxz 💼 Laptop Backpack https://amzn.to/2OnqkHI 💵 The best Financial Calculator https://amzn.to/3duFvY0 🎧 My Earbuds https://amzn.to/2PzHNx9 📓 Favorite Journal https://amzn.to/3f4jrUX 🖊 Best Pens https://amzn.to/3tBHCiY __________ __________ ABOUT ME My name is Jeff Mankin. I teach accounting, finance, and Excel. I started my website FinallyLearn.com and my channel to teach more people financial topics. I have a passion for teaching financial topics using Excel. I have articles and videos on many financial topics. My goal is to help you finally learn financial skills! Check out the playlists on accounting basics, time value of money, and Intermediate Accounting. I hope you join me on the Finally Learn channel! __________ DISCLAIMERS & DISCLOSURES This content is for education and entertainment purposes only. Finally Learn LLC does not provide accounting, tax, financial planning, or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Finally Learn is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support! #finallylearn #jeffmankin 2,430 Subscribers 12/14/2022 https://youtu.be/enYxydfSeHw

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