Request software opinion.. Crystal Ball vs. @Risk

[tcnewman]

I am modeling certain risk exposures in excel with the support of VBA functions. We have decided that some of our volatilities are correlated. We are interested in modeling the uncertainty with the help of a covariance matrix... which of the engines (Crystal Ball or @Risk) will generate the correlated random variables. And if the answer is both... what is your assessment of the platform.

Thank you.

Troy

 

[Tsotne]

I am modeling certain risk exposures in excel with the support of VBA functions. We have decided that some of our volatilities are correlated. We are interested in modeling the uncertainty with the help of a covariance matrix... which of the engines (Crystal Ball or @Risk) will generate the correlated random variables. And if the answer is both... what is your assessment of the platform.

I think I'm getting the point of the problem. So are you interested whether you have chosen the appropriate platform to go on?

 

[tcnewman]

re:

No, up until now I've been using VBA exclusively. i'm deciding on a platform that will be used in further development will be purchased for multiple users.

Thx.

 

[Tsotne]

@tcnewman

First, excuses for the delayed response. I haven't been alerted so your post obscured unseen by me.

I read much about both of them and asked some people. @ RISK has been suggested most of the times. You'll probably have a proper use of this software rather than Cristal Ball due to its interractability with excel.

I will search for some generated codes for @ RISK to be installed for excel and post. At my university there might be some interesting and useful code libraries.