How Monte Carlo simulations can forecast sales Posted on January 12, 2010 by admin “-Monte Carlo simulations run in Excel can transform our limited data sets into statistically valid probability models that give us a much more accurate view into the future.“- Related PostsSXSW: Nate Silver explains how he approached political forecasting for the 2008 US presidential elections. – [VIDEO]Mr T. is more bullish on gold than Mr Ruspini.Can prediction markets help improve economic forecasts?