When do I actually use the normal distribution in a Monte Carlo simulation? The normal distribution is everywhere, from measurement errors in physics to daily stock market returns to revenue fluctuations in a company. But when is it actually the right model? And where does it reach its limits? In the new Risk Kit video, I address exactly these questions: ➡️ Properties of the normal distribution ➡️ Typical use cases in statistics, financial modeling, and risk management Anyone using Monte Carlo simulations or interested in probability distributions will get a clear and practical overview here. https://lnkd.in/eExudGAy #RiskManagement #MonteCarloSimulation #Statistics #FinancialModeling #DecisionMaking
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