ModelRisk Professional is a risk analysis tool specifically that allows users to incorporate advanced risk analysis techniques in business, actuarial and financial risk analysis models.
ModelRisk Professional is a risk analysis tool specifically that allows users to incorporate advanced risk analysis techniques in business, actuarial and financial risk analysis models.
In combination with Excel, ModelRisk gives access to the most up-to-date, advanced quantitative techniques available without resorting to complex programming. ModelRisk allows you to build accurate, state-of-the art models in a fraction of the time previously required.
ModelRisk Features |
Standard |
Professional |
Industrial |
|
|---|---|---|---|---|
S
|
Unrestricted speed and model size | Y | Y | Y |
| Monte Carlo simulation | Y | Y | Y | |
| Bounded, shifted distributions | Y | Y | Y | |
| Correlation of distributions | Y | Y | Y | |
| One-click function view | Y | Y | Y | |
| ModelRisk function search and format tool | Y | Y | Y | |
| Run macros before, during or after simulation | Y | Y | Y | |
| VBA and C++ calls to ModelRisk functions | Y | Y | Y | |
| Full graphical simulation reports | Y | Y | Y | |
| Full statistical reports | Y | Y | Y | |
| View simulation results statistics in spreadsheet | Y | Y | Y | |
| Export results | Y | Y | Y | |
| Save results in Results Viewer format | Y | Y | Y | |
| Sensitivity analysis | Y | Y | Y | |
| Scenario analysis | Y | Y | Y | |
| Conversion from other Monte Carlo add-ins | Y | Y | Y | |
| Full help file and example models | Y | Y | Y | |
| Informative error messages | Y | Y | Y | |
P
|
Optimization | n | Y | Y |
| Time series forecast | n | Y | Y | |
| Fitting distributions to data | n | Y | Y | |
| Fitting correlation structures to data | n | Y | Y | |
| Fitting time series to data | n | Y | Y | |
| Statistical fit results in spreadsheet | n | Y | Y | |
| Data Viewer | n | Y | Y | |
| Expert elicitation tools | n | Y | Y | |
| Probability calculations | n | Y | Y | |
| Working with ModelRisk objects | n | Y | Y | |
| Markov chain tools | n | Y | Y | |
| Combining expert estimates | n | Y | Y | |
| Bootstrap tools | n | Y | Y | |
| Calculation of distribution moments | n | Y | Y | |
| Empirical copula to reproduce any correlation pattern | n | Y | Y | |
| Stop Sum and Sum Product tools | n | Y | Y | |
| Risk Event tool | n | Y | Y | |
| Extreme Value tool | n | Y | Y | |
I
|
Six Sigma support | n | n | Y |
| Assumptions library | n | n | Y | |
| Database connectivity | n | n | Y | |
| Financial tools | n | n | Y | |
| Insurance tools | n | n | Y | |
| Ordinary differential equation | n | n | Y | |
| Integration | n | n | Y | |
| Interpolation | n | n | Y | |
| Distribution splicing | n | n | Y | |
| Bayesian averaging for fitted models | n | n | Y | |
| Nested summation and product tools | n | n | Y |