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Monte Carlo simulation is an invaluable tool for core risk management functions such as forecasting, stress testing, and scenario analysis, but simulating thousands, and often millions, of Monte Carlo paths is computationally expensive. Yet to obtain accurate and meaningful results, one must specify many paths. The high cost of running thousands, or millions, of simulations can create latency in risk monitoring applications, inhibiting many ad-hoc analyses.
This one hour webinar gives an overview of current techniques to implement rapid Monte Carlo simulation, providing risk managers the tools to make quicker and more accurate decisions when forecasting, stress testing, or performing scenario analysis.
Click here to view the webinar
Download a PDF (1MB) of the presentation Rapid_Monte_Carlo_Simulation_Webinar
FI Consulting has registered this program with GARP for Continuing Professional Development (CPD) credits. Viewing this webcast qualifies for 1 GARP CPD credit hour. If you are a Certified FRM® please record this activity in your Credit Tracker.