Oracle Crystal Ball
Oracle Crystal Ball is a spreadsheet-based application for predictive modeling, forecasting, simulation, and optimization. It gives insight into the factors concerning risk by applying Monte Carlo simulations on calculations and related variables.
Spreadsheets lack the functionality to do what-if analyses required for successful uncertainty analysis and risk reporting. Often you work out a worst-case, best-case and base scenario. In the new world of Oracle Crystal Ball, you can specify ranges for your variables in many possible distributions like Uniform-Distribution or Normal-Distribution. Combined with Monte Carlo processing, a range of possible outcomes is given instead of just the worst-, best- and base-scenario. Consequently, a quantification on the likelihood of occurrence (risk) will be displayed.
This easy-to-use and stand-alone software package can be used in many sectors.
Trexco b.v. has experience in applying this product to business questions. Please contact us if you are interested to know more about Crystal Ball.