Oracle Crystal Ball Solution Factory. Crystal Ball New Feature Guide. Comprehensive risk analysis and optimization enables confident, strategic, and operational decisions.
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You can view and use forecast charts to estimate the probability, or certainty, of a particular outcome. The random behavior in games of chance — roulette wheels, dice, and slot machines — is similar to how Monte Carlo simulation selects variable values at random to simulate a model. When you roll a die, you know that either a 1, 2, 3, 4, 5, or 6 will come up, but you do not know which for any particular trial. Sign In Create an account Help. With Crystal Ball, you can make the right tactical decisions to reach your objectives and gain a competitive edge—even in an uncertain market.
Imagine being able to simulate a what-if scenario over a million times in a few minutes? See how Crystal Ball is used to build quick and powerful models in Excel.
Learn about Monte-Carlo Simulation using Oracle Crystal Ball
Crystal Ball then uses the defined range in a simulation. Crystal Ball automatically calculates thousands of different "what if" cases, saving the inputs and results of each calculation as individual scenarios. It is the same with the variables that have a known range of values but an uncertain value for any particular time or event for simularion, interest rates, staffing needs, stock prices, inventory, phone calls per minute.
Cloud Account Access your cloud dashboard, manage orders, and more. Spreadsheet risk analysis uses spreadsheet models and simulation to analyze the effects of varying inputs on outputs of the modeled system.
What-if analysis always results in single-point estimates that do not indicate the likelihood of achieving any particular outcome. See how you can build simulations models with Excel that are enterprise ready using Oracle Essbase and Planning. Everything you know about each assumption is expressed all at once. It gives you unparalleled insight into the critical factors affecting risk.
Perspectives on how predictive modeling with Crystal Ball can impact business performance. Oracle Account Manage your account and access personalized content.
Monte Carlo simulation was named for Monte Carlo, Monaco, where the primary attractions are casinos containing games of chance. Get Training Buy Now. Oracle Crystal Ball Standard Edition Imagine being able to simulate a what-if scenario over a million times in a few minutes?
Oracle Crystal Ball Simulation and Optimization Suite for Excel and Oracle EPM
Changing only one spreadsheet cell at a time makes it virtually impossible to explore the entire range of possible outcomes. Monte Carlo simulation randomly generates a range of values for assumptions that you define. Identify trends and seasonality in historical data for improved forecast accuracy.
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Analysis of these scenarios reveals the range of possible outcomes, their probability simulahion occurring, which input has the most effect on your model and where you should focus your efforts.
Crystal Ball Quick Reference Card. Flexible Excel platform for risk analysis across any enterprise to assess financial, process, or product risks.
Easy-to-use Interface Powerful cryatal and reports Ability to identify factors influencing your results Collaborate with team members and share data Wide availability of textbooks and support options Need Optimization?
While single-point estimates may tell you what is possible, they do not tell you what is probable. Optimization using Optquest and Crystal Ball.