Monte Carlo simulation
CataloguedA mathematical technique used to predict, estimate, and analyse a range of future possible outcomes for an uncertain event. The process is performed through a simulation to estimate a range of values.
Monte Carlo simulation sits under Mathematics and Applied Mathematics in the Science and Research domain of the Luminid skills catalogue.
Also known as
- monte carlo
- monte carlo analysis
- monte carlo method
- Monte Carlo method
- Monte Carlo model
- monte carlo modeling
- monte carlo sampling
- monte carlo simulation method
- probabilistic simulation
- stochastic simulation
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