ModelRisk · Monte Carlo simulation in ExcelWhat the 15-day trial does, what you keep for free after it, and what the Complete version adds.
When you download a trial version of ModelRisk and provide the activation code, it works in the same way as a fully licensed version of ModelRisk, with two differences:
A counter in the ModelRisk ribbon shows the number of days left in the trial.
Once the trial period has expired, ModelRisk reverts to the Basic version. It has the same limitations as the trial and a reduced set of features, listed in the table below.
It can be used for free and has no expiry. The features it keeps are enough for anyone who wants to learn the basics of Monte Carlo simulation and risk analysis.
Every feature in the table, with no watermark and no delay.
The installed Basic version of ModelRisk can be upgraded by purchasing a licence key. Upgrading does not require reinstallation of the software.
Feature comparison
The trial behaves like the Complete version for 15 days, with the watermark and the short delay.
| Feature | BasicFree | CompleteLicensed |
|---|---|---|
| Simulation | ||
| Unrestricted speed and model size | Included | Included |
| Monte Carlo simulation | Included | Included |
| Multiple simulation runs for scenarios | Included | Included |
| Run macros before, during or after simulation | Included | Included |
| VBA and C++ calls to ModelRisk functions | Included | Included |
| Control of precision of results | Not included | Included |
| Reporting | ||
| Full graphical simulation reports | Included | Included |
| Full statistical reports | Included | Included |
| View simulation results statistics in spreadsheet | Included | Included |
| Export results to PowerPoint, Word, PDF or Excel | Included | Included |
| Interactive Results Viewer | Included | Included |
| Sensitivity and scenario analysis | Included | Included |
| Statistical reporting functions in spreadsheet | Mean only | Included |
| Compatibility | ||
| Tamara (project risk) | Not included | Included |
| Import Pelican Risk Register data | Not included | Included |
| Upload model to Pelican IRM | Not included | Included |
| Features by numbers | ||
| Number of distributions | 8 | 136 |
| Number of correlation models (copulas) | 1 | 14 |
| Number of time series | 1 | 34 |
| Total number of functions | 36 | 1,203 |
| Fitting | ||
| Fitting distributions to data | 6 | 95 |
| Fitting correlation structures to data | 1 | 11 |
| Fitting time series to data | 1 | 25 |
| Statistical fit results in spreadsheet | Not included | Included |
| Distribution splicing | Not included | Included |
| Bayesian averaging for fitted models | Not included | Included |
| Ease-of-use features | ||
| One-click function view | Included | Included |
| @RISK and Crystal Ball converters | Included | Included |
| Full help file and example models | Included | Included |
| Informative error messages | Included | Included |
| Function descriptions in spreadsheet | Included | Included |
| Parameter descriptions in spreadsheet | Included | Included |
| Technical tools | ||
| Assumption and result sharing between models (SIDs) | Not included | Included |
| Expert elicitation tools | Not included | Included |
| Data Viewer | Not included | Included |
| Combining expert estimates | Not included | Included |
| Extreme Value tools | Not included | Included |
| Database connectivity | Not included | Included |
| Bounded, shifted distributions | Included | Included |
| Probability calculations | Not included | Included |
| ModelRisk objects | Not included | Included |
| Markov chain tools | Not included | Included |
| Bootstrap tools | Not included | Included |
| Stop Sum and Sum Product tools | Not included | Included |
| Risk Event tool | Not included | Included |
| Six Sigma support | Not included | Included |
| Ordinary differential equation simulation | Not included | Included |
| Numerical integration and Interpolation | Not included | Included |
| Industry tools | ||
| Financial tools | Not included | Included |
| Insurance tools | Not included | Included |
| PK/PD pharma tool | Not included | Included |
Numbers are the distributions, correlation models (copulas), time series and functions available in each version, and the ones you can fit to data.
Download the trial, or talk to us about the right licences for your team.
