ModelAssist Advanced Edition
We recommend that you use ModelAssist Advanced if you are working in the following areas that require a higher level of probability and statistical modeling: engineering, quantitative finance, science, insurance, reliability, operations research, economics, legal disputes and epidemiology.
ModelAssist Advanced applies a more rigorous and in depth coverage of the probability and statistical components of risk analysis than the Basic version. It also offers a far larger number of modeling techniques covering all of the modeling issues you are likely to need to know. It also contrasts different techniques and approaches to a modeling problem, and how they can affect the results of your analysis. ModelAssist Advanced for @RISK is therefore of particular use to analysts working in engineering, quantitative finance, science, insurance, reliability, operations research, economics, legal disputes and epidemiology.
ModelAssist Advanced assumes only the most basic prior knowledge of mathematics and spreadsheet use, so it is invaluable to beginner and advanced risk modelers alike. It includes:
- Over 500 interlinked risk analysis topics, complete with diagrams, examples and models. Only techniques that are useful in real world problems are included;
- Step-by-step guides to complex tasks;
- Over 140 risk analysis models built in @RISK/Excel to illustrate the topics. Each model is fully explained and can be adapted and incorporated into other models you create;
- Videos on key topics;
- Quizzes to test your knowledge;
- Guide to all @RISK functions and useful Excel functions;
- A database of nearly 50 distributions, their uses, relationships to and comparisons with other distributions, and how to generate them when not available with @RISK;
- A glossary of risk analysis terms; and
- A reference section of related texts that we recommend
for their practical focus and ease of reading.
