Using Crystal Ball
6 Pages Posted: 21 Oct 2008
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Using Crystal Ball
Abstract
This note offers a brief introduction to the key steps in the use of the Crystal Ball software system.
Excerpt
UVA-QA-0561
USING CRYSTAL BALL®
Crystal Ball® is a software system that complements Excel by facilitating the conversion of a traditional “best estimate” electronic spreadsheet into a “risk analysis” model. More specifically, Crystal Ball® allows the user to define cells as entire distributions of potential values instead of single estimates. As a result, the modeler can simulate a large collection of potential final outcomes instead of a single outcome and display the results in various graphical presentations.
The use of Crystal Ball® involves the following major steps:
Build a Traditional Best-Estimate Electronic Spreadsheet
Because Crystal Ball® is truly a complement to Excel, a best-estimate spreadsheet can be built in a previous Excel session and imported in the Crystal Ball® system or built from scratch within the Crystal Ball® system.
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Keywords: software
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