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iDecide 2000
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Version
4.0
Easy to use Decision/Risk Analysis program. Build
graphical representations of your decision called
influence diagrams. Drag and Drop nodes to connect
them - saying that this nodes value influences this
other nodes value. Nodes can represent known values or
uncertain values that are described using statistical
representation - the rate of inflation will be between
3% and 7% with the most likely value of 4.5%. Can
also use formulas to calculate values. Once your
decision is modeled you run a Monte Carlo simulatio.
Monte Carlo is a technique that generates random
numbers that are statistically significant given the
ranges and distribution selected by the user.
Generating a value for every uncertain value in your
influence diagram represents one possible future.
After running thousands of possible futures the
program can do statiscal analysis on which is the most
likely, etc. Program includes lots of charts and
graphs to help interpet the results. Also includes on-
line help, manuals, tutorials and sample models.
Finally, you can get values for nodes directly from
Excel. You can also put results directly into an
existing Excel spreadsheet.
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