The material below comprises excerpts from books by Dr. Johnathan Mun, our CEO and founder, such as Readings in Certified Quantitative Risk Management, 3rd Edition, and Quantitative Research Methods Using Risk Simulator and ROV BizStats Software: Applying Econometrics, Multivariate Regression, Parametric and Nonparametric Hypothesis Testing, Monte Carlo Risk Simulation, Predictive Modeling, and Optimization, 4th Edition (https://www.amazon.com/author/johnathanmun). All screenshots and analytical models are run using the ROV Risk Simulator and ROV BizStats software applications. Statistical results shown are computed using Risk Simulator or BizStats. Online Training Videos are also available on these topics as well as the Certified in Quantitative Risk Management (CQRM) certification program. All materials are copyrighted as well as patent protected under international law, with all rights reserved.
This chapter deals with the Risk Simulator software’s analytical tools. These analytical tools are discussed through example applications of the Risk Simulator software, complete with step-by-step illustrations. These tools are very valuable to analysts working in the realm of risk analysis. The applicability of each tool is discussed in detail in this chapter. All of the example files used in this chapter are found by starting Excel, going to the Risk Simulator | Example Models menu. There are also multiple highly recommended step-by-step exercises at the end of this chapter that will provide detailed hands-on practice of the tools and techniques presented in this chapter, with a more detailed interpretation of the results, as well as special tips and tricks.