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-ChairmanFollow 12

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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