Running Head: Quantitative Methods2Quantitative MethodsFinancial planning is important for everyone. Retirement planning, saving for college,and doubling your money may sound simple, right? It takes time to understand how to do thistype of planning. The internet has evolved majorly over the years, and it continues to grow.There are websites available that allow users to use their calculators for all their financialplanning needs. There is retirement planning, college savings, and doubling your moneycalculators. However, there are other ways to plan for retirement or other financial obligationssuch as quantitative methods. Two quantitative methods are Monte Carlo analysis and regressionanalysis. Monte Carlo analysis can be used for different kinds of financial planning, because itcan solve any statistical problem by using random samples of information. Regression analysis isused for estimating relationships normally between an independent and dependent variable. Now,
