In this guide, I'll show you how you can use it to solve real-world problems. To follow along as you read this guide, download a free copy of the Excel workbook used in the examples.

We’ll start with a little practice with optimization now. Just a taste. In Excel, optimization problems are solved using an Add-In that ships with Excel called Solver.

Venn diagrams can be useful for organising information about frequencies and probabilities, which can then be used to solve conditional probability problems.

We adapt the expectation-maximization algorithm to incorporate unobserved heterogeneity into conditional choice probability (CCP) estimators of dynamic discrete choice problems. The unobserved ...