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Glossary>Risk Management>@Risk (Palisade Corporation)

@Risk (Palisade Corporation)

@Risk, developed by Palisade Corporation, is a risk analysis software that uses Monte Carlo simulation to show possible outcomes in uncertain scenarios. It integrates with Microsoft Excel to help users assess risks and make informed decisions by modeling complex problems involving uncertainty.

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About @Risk (Palisade Corporation)

@Risk, developed by Palisade Corporation, was introduced in 1987 to provide advanced risk analysis capabilities. It utilized Monte Carlo simulation within Microsoft Excel to help users understand and manage uncertainty in their decision-making processes. The software became widely used across various industries for its ability to model complex problems involving risk and uncertainty.

Strengths of @Risk include its seamless integration with Excel, robust Monte Carlo simulation capabilities, and user-friendly interface. Weaknesses involve its steep learning curve for new users and potentially high cost. Competitors include Crystal Ball by Oracle, Risk Solver by Frontline Systems, and ModelRisk by Vose Software.

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How to hire a @Risk (Palisade Corporation) expert

A @Risk expert must have strong proficiency in Microsoft Excel, a deep understanding of Monte Carlo simulation techniques, and skills in statistical analysis. They should also be adept at data modeling, risk assessment, and interpreting simulation results to make informed decisions.

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