Applied Analytics - Probability Distribution: Applying Monte Carlo Risk Simulation, Strategic Real Options, Stochastic Forecasting, Portfolio ... Decision Analytics (Applied CQRM Book Series)

The Applied CQRM Book Series showcases how the advanced ana-lytics covered in the Certified in Quantitative Risk Management (CQRM) certification program can be applied in real-life business problems. In Volume II, we show how Risk Simulator can be used to generate various probability distributions as well as how to inter-pret the results and use their analytical properties for making strate-gic decisions.Pragmatic applications are emphasized in order to demystify the many elements inherent in probability analysis. A black box will re-main a black box if no one can understand the concepts despite its power and applicability. It is only when the black box methods be-come transparent, so that researchers can understand, apply, and convince others of their results, value-add, and applicability, that the approaches will receive widespread attention. This transparency is achieved through step-by-step applications of quantitative modeling as well as presenting multiple cases and discussing real-life applica-tions. This book is targeted at those individuals who have completed the CQRM certification program but can also be used by anyone familiar with basic quantitative research methods--there is some-thing for everyone. It is also applicable for use as a second-year MBA/MS-level or introductory PhD textbook. The examples in the book assume some prior knowledge of the subject matter. Additional information on the CQRM program can be obtained at: www.iiper.org www.realoptionsvaluation.com