You are here: Home / Glossary / m / Monte Carlo Simulation

Monte Carlo Simulation

Monte Carlo Simulation
Technique followed in problem solving. Uses results of a number test runs or simulations to interpret solutions from the collective outcomes. Probability distribution is calculated in this manner.

Related posts:

  1. Simulation
  2. Probability Distribution
  3. Cumulative Probability Distribution
  4. Normal Probability Distribution
  5. Skewed Distribution
Author: Filed Under: m Tagged With: ,

Leave a Comment