Crystal Ball
For investment banking, do analysts ever use Crystal Ball? If so, how useful is it and how often is it used?
And was there a reason why my thread earlier, asking the same question, was deleted?
maybe you shoudl explain what Crystal Ball (predictive modeling software) is...one of the mods probably thought you were being sarcastic.
I have never seen or heard of this program being used in IB but maybe someone else can chime in if they have...
I have it on my laptop. The mezz place I used to intern at used it along with another software package. It is really interesting software, not really useful in banking. The place I was at used it a lot to find what really effects sales and revenue. A lot of companies tell you that XYZ drives their CF, but until you run some regressions you really don't know. We used to run a lot of monte carlo stuff also, see the distributions. Since everything the shop did was risky mezz debt they really wanted to have a good handle on what drove their ability to repay.
Banking is more interested in putting lipstick on the pig.
Generally, no. Crystal ball is a neat package for monte carlo simulations, but whenever we had to run simulations we'd just write the VBA code ourselves so that it's compatible with every machine. Typical coverage/product IBD groups never get that technical...
In my product we do ( to test debt models/repayment ability) but as mentioned above, for most instances you won't ever need it.
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