KEITH ALLMAN, JOSH LAURITO, MICHAEL LOH – FINANCIAL SIMULATION MODELING IN EXCEL

Allman really nails it with this book, I have worked with simulation in business for over 20 years. I have a previous book on structured finance cash flows, but I was surprised by what I found here. He addresses the fundamental questions of how decision makers react to simulations and his read was very much in line with what I have experienced. The book becomes very detailed when describing the different types of simulation analysis. There is a lot of code and models for simulation problems. The book carefully walks through the tricky math needed to understand the theory behind stochastic modeling in finance. If you are preparing models that include any kind of randomization or stochastic modeling component, this book is a must-read. David Brode is a member of The Brode Group.

A PRACTICAL GUIDE TO UNDERSTANDING AND IMPLEMENTING FINANCIAL SIMULATION MODELING

As simulation techniques become more popular among the financial community and a variety of sub-industries, a thorough understanding of theory and implementation is critical for practitioners involved in portfolio management, risk management, pricing, and capital budgeting. Financial modeling in excel You need to make the most informed decisions in your professional endeavors.

Financial modeling in excel There is a hands-on approach to learning financial simulation methodologies using VBA and excel. This book is suitable for anyone with a basic understanding of finance and excel. Filled with in-depth insights and expert advice, each chapter takes you through the theory behind a simulation topic and the implementation of that same topic in excel and VBA in a step-by-step manner.

• Organized in an easy-to-follow fashion, this guide effectively walks you through the process of creating and implementing risk models in Excel
• A companion website contains all the Excel models risk experts and quantitative analysts need to practice and confirm their results as they progress
• Keith Allman is the author of other successful modeling books, including Corporate Valuation Modeling and Modeling Structured Finance Cash Flows with Microsoft Excel

This reliable resource shows you how to effectively perform sound financial simulation modeling, even if you have yet to do extensive modeling up to this point in your professional or academic career.

TABLE OF CONTENTS

Preface vii.

There are Acknowledgments.

About the authors.

Chapter 1 begins.

Chapter 2 Random Numbers, Distributions, and Basic Simulation setup.

Chapter 3 Correlation 47 is in the 3rd chapter.

Chapter 4 option pricing

CHAPTER 5 Corporate Default Simulation 95 is chapter 5.

The chapter deals withulating pools of assets.

Chapter 7 deals with data deficiency and other issues.

Chapter 8 advanced topics and further reading

A partial differential equation.

The method is called the APPENDIX BNewton-Raphson Method.

References 187

Index 189

AUTHOR INFORMATION

Allman is a man. Bamboo Finance is a private equity fund that invests in for-profit, commercially viable companies that provide a good or service that impacts the lives of low-income individuals. He was the director of analytic and modeling at Pearl Street Capital Group. Allman founded Enstruct, a company that provides capital markets and equity valuation, distressed valuation, and quantitative-based training. He is the author of books. Modeling Structured Finance Cash Flows with Microsoft excel And. There are reverse engineering deals on Wall Street. It’s not like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it Allman has degrees from UCLA and Columbia University.

Josh Laurito is a certified financial analyst. Lumesis is a leading provider of credit analysis software and solutions to the municipal finance market. He directs corporate modeling for Hexagon Securities, a boutique merchant bank that advises and invests in banks and specialty finance companies.

MichaelL Loh is a person. Tech-X Corporation is where he works where he is engaged in complex data management and high- performance computing using accelerated hardware. At RangeMark Financial Services, Loh developed and implemented financial models.

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