MCNextStep





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CapeTools (Compact) Process Simulation function list

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Generates a new simulation path given a StepMonteCarlo() object.

Each column of the output represents the Assets.

Each row is the path that the Asset has taken over time.



Note: Within Excel, the function is named - CT.PRO.MCNextStep




High level graphic of MCNextStep() function with parameters. Blue square node is the actual function with the parameters ordered.



Parameter Description


  1. stepMC parameter

    Key to an already constructed Step MonteCarlo object.
  2. MandatorySteps parameter

    Do we present only the mandatory steps (true), or all the steps (false).


Extended information

Function Syntax

VB Syntax


Variant CTProcessSimC.MCNextStep( _
String stepMC, _
Boolean MandatorySteps)


Excel Spreadsheet Syntax


=CT.PRO.MCNextStep(
Excel String Cell stepMC,
Excel Boolean Value Cell MandatorySteps)


C++ Syntax


static CTRangeDataCPP MCNextStep(
std::string stepMC,
bool MandatorySteps);


DotNET Syntax


CTRangeData CTProcessSimCSA.MCNextStep(
System.String stepMC,
System.Boolean MandatorySteps);

Parameter data types

ArgNameArgTypeIsKey
stepMCStringTRUE
MandatoryStepsBooleanFALSE


Example Inputs

The first column represents the name of the parameters. The second column specifies whether the parameters are optional or not. Finally the last column provides some sample input data.
Function call input string-keys are always in the format : "NAME.EXTTAG.TICKER" The "EXTTAG.TICKER" part is determined from the output of other, capetools, object creation functions.


ArgNameIsOptional (Excel only)Example
stepMCFALSEstepMCNAME.EXTTAG.TICKER (from a function call)
MandatoryStepsFALSEtrue


Example function usage


The C# example below contains all the sub-function calls leading up to this function call. As a result, the example can contain a lot of code.

The VB.NET, J#, C++.NET, Java, Excel VBA, Visual Basic 6 (via COM) and C++ examples below contain function code stubs for the calls leading up to this function call. However, the function call for this function is displayed.
You can easily reproduce the stub functions code from the C# example.


If you are accessing this functrion via the MiniXL libraries, this function is present within the CT.QL.Simulation20 MiniXL Excel Addin.

Within our Excel Example Addin Generator, we have used the following QuantTools sub-functions in order to prepare the arguments needed to call the MCNextStep() function. If you are executing this function via the MiniXL libraries, the module addin name, (in brackets, to the right of the sub-functions listed below), indicates the MiniXL library in which the sub-function is held. You will need to load this library into your Excel session (along with any other libraries that the sub-function call within the addin requires (ie - CT.QT.Utils20 addin in almost all cases) in order for the example to compute successfully.

These are the financial QuantTools sub-function calls that are used within the examples :





The objects generated by these sub-functions are inter-connected in the following way :




The following four examples demostrate calling this function within a Microsoft .NET environment

The following four examples demostrate calling this function within a non .NET environment

The following is a sample output from executing the MCNextStep() function call


Example
8010012060110
86.784114.82132.08982.9267122.895
96.6456122.305145.429103.761133.624
77.154994.2858118.186.59109.13
58.179376.643292.725481.988186.522
59.576383.0259106.269113.1486.3078
58.147691.7528121.826128.136101.082
72.3068117.713138.327199.919123.426
69.7455104.803123.882224.477111.071
73.0786108.376129.244300.388117.178
66.179788.6399117.788295.82898.2202
54.952278.1523107.755331.54394.0866



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