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Yes! Causal natively supports Monte Carlo simulation. E.g. instead of writing "7.5%" in a cell, you can write "5% to 10%" and it will turn that into a distribut
by refrigerator 3y ago
Yes! Causal natively supports Monte Carlo simulation. E.g. instead of writing "7.5%" in a cell, you can write "5% to 10%" and it will turn that into a distribution, and automatically run a few thousand samples with different values every time it re-calculates.
Docs: https://docs.causal.app/formulas/values-with-uncertainty https://docs.causal.app/formulas/values-with-uncertainty
- habitue 3y agoThat's amazing
- ttul 3y agoThis alone makes me want to try Causal. I run my business with a gargantuan Google Sheet. It works - we nail our numbers. But scenario testing is very hard.
- refrigerator 3y agoNice — definitely try Causal out! We have a 'scenarios' feature that lets you easily spin up "discrete" scenarios, and then you can use the Monte Carlo stuff to see continuous ranges of outcomes.
- satvikpendem 3y agoThis reminds me a lot of calculators I use for FIRE, ie the ones shown here [0]. Perhaps I should try Causal for personal use as well as for business use. I've also seen Maybe [1] for personal finances, which looks good too. [0] https://engaging-data.com/early-retirement-calculators-and-tools/ https://engaging-data.com/early-retirement-calculators-and-t... [1] https://github.com/maybe-finance/maybe https://github.com/maybe-finance/maybe
- Lukas1994 3y agoIt'd be great if you can share the model once you've built it. We can add it to our template library :)
- satvikpendem 3y agoIt is likely that I won't do that in the case of your program, just letting you know as I just use my own Excel or Google Sheets program. If you would like to include it, please feel free to do so.