ModelRisk Standard Edition is an Excel-based risk analysis, simulation, optimization and time-series tool that allows users to incorporate advanced risk analysis techniques in business risk analysis models.

Model Risk Standard Includes:

• Simulation
  ModelRisk has a comprehensive range of tools to run Monte Carlo simulations within Excel. Results are presented in a separate window that allows you to customize, save and share a comprehensive range of graphical and statistical analyses.
• One of the largest Distribution Galleries
  ModelRisk incorporates a truly complete range of distributions. Graphical interfaces, categorization by function, fitting to data and a detailed interactive guide on the theory and use of each distribution help ensure that you find the correct distribution for your problem. You can also create your own distribution using the shaper tool.
• Advanced Correlation Functions
  Modeling any correlated behavior between distributions is a critical component in risk analysis. ModelRisk allows the user to visualize and fit correlation structures to data through its copula tools. Through its unique approach to correlating variables, any number of distributions can be correlated. ModelRisk's own data copula offers a powerful way to replicate any unusual correlation pattern.

 

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 T A N D A R D	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 R O F E S S I O N A L	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 N D U S T R I A L	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