Essay Cove

Essay Cove

Directions
When thinking about spreadsheet models, simulations and summarizing information the person reviewing the data along with those making decisions have to consider the risks analysis. Select a company of your choice to consider what data they may need to analyze a problem they may be trying to solve. Discuss the following:
What Excel function can be used to support simulations for risk analysis?

  1. Based on the company selected and problem you want to solve, what data would they need to address the concerns using the risk factors of best and worst-case scenarios?
  1. What parameters and information would you use for validation and verification?

No less than 300 words and should incorporate at least one outside (citations are from the last six months)

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