I am trying to forecast revenue for a bank using Monte Carlo Simulation.
Revenue is defined as- Revenue=A * B * C * D
I am absolutely new to this method. From what I have read, I am plaing to check the distribution for each of the independent variables using fitdistplus package in R. Then, for each of these dependent variable, I will generate random numbers basis the best distribution. Is this the right way to go about this problem?
Also, how do I run the simulation? Any help or references on how to proceed will be really appreciated.