Using Excel is a great way to perform what-if analysis, and formulas generating random values that make sense for your forecasting help present a variety of outcomes for analysis.

Key Takeaways The normal distribution formula is based on two simple parameters—mean and standard deviation—that quantify the characteristics of a given dataset.

How to Put a Gaussian Curve on a Graph in Excel. Gaussian curves, normal curves and bell curves are synonymous. Each represents how statistical data with normal distribution plots on a graph.