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On Monte Carlo simulation and retirement planning Hi Everybody, Retirement planning like any planning has to deal with many uncertainties. As such there may be
On Monte Carlo simulation and retirement planning Hi Everybody, Retirement planning like any planning has to deal with many uncertainties. As such there may be a need to do "sensitivity analyses" and simulations of various scenarios, procedures which basically examines how strongly the output changes in response to changes in inputs under various assumptions. One such method of sensitivity / scenario analysis is Monte Carlo simulation the topic of the video listed below. Best, Florin Youtube -- Financial Planning - Benefits of Monte Carlo Simulations https://youtu.be/v92SxTOzSzI
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