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Correlations in Crystal Ball

Bodily, Samuel E.,...

Technical Note

Correlations in Crystal Ball

Bodily, Samuel E.; Palacios, Miguel

QA-0593 | Published August 28, 2003 | 2 pages Technical Note

Collection: Darden School of Business

Product Details

The Crystal Ball add-in to Excel for Monte Carlo simulation has capabilities to correlate assumptions (uncertain quantities). This note describes the various ways that correlations may be used and issues a number of caveats.

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