Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation. The toolkit uses a proprietary coding language, ThetaML, ...

VIDEO: Run Monte Carlo simulations in Excel with this simple workaround.

James G. Booth, James P. Hobert, Maximizing Generalized Linear Mixed Model Likelihoods with an Automated Monte Carlo EM Algorithm, Journal of the Royal Statistical Society.

Markov chain Monte Carlo (MCMC) is a statistical innovation that allows researchers to fit far more complex models to data than is feasible using conventional methods. Despite its widespread use in a ...