Originally published: 13/06/2018 06:34
Publication number: ELQ-21664-1

FIFA World Cup 18 - Monte Carlo Simulation Model

FIFA World Cup 18 Monte Carlo Simulation Model

by Rafael Le Saux, CFA, CAIA, CFM, FMVA
Director and Valuation & Modelling Advisory Lead at PwC Luxembourg / LVPA Vice-Chairman

21 reviews1,501 views|2 comments|download for free

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Description
FIFA World Cup 18 Monte Carlo Simulation Model, based on sport betting odds and providing estimated odds of winning for every national squad.

Model includes the combination of RAND function and data tables to create a repetitive stochastic process.

Same combination can be used for other simulation, providing an interesting alternative to more complex programming tools, such as VBA or MATLAB.

This Best Practice includes
1 Excel Model

Rafael Le Saux, CFA, CAIA, CFM, FMVA offers you this Best Practice for free!

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Objectives

Using simple excel tools for simulation

Use it if

Large samples of data

Don't use it if

N/A

FIFA World Cup 18 - Monte Carlo Simulation Model

Further information

Objectives

Use it if

Don't use it if

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