How do I increase trials in Chance of Success?

Monte Carlo testing in Chance of Success can assess the likelihood of success for each of your individual plans across a range of possible outcomes. The number of trials used in the Monte Carlo is determined by the selected data source and sampling method. If more iterations would add value, you can run up to 2,000 trials.

To increase Monte Carlo trials:

Navigate to Chance of Success

Open Methodology

When you can and can’t increase trials in Methodology**

Example when trials can be increased:

Random Start Years, Random-Restart: Since each additional trial is random and can refine the probability distribution, you can increase the number of trials up to 2,000.

Example when trials can’t be increased:

Historical, No Looping: Because historical data follows a fixed sequence, adding more trials would just repeat the same values. That’s why the Number of Trials setting isn’t available.

Check out Chance of Success in ProjectionLab for a detailed video guide.