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Monte Carlo simulation |
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Monte Carlo simulationAn analytical technique for solving a problem by performing a large number of trail runs, called simulations, and inferring a solution from the collective results of the trial runs. Method for calculating the probability distribution of possible outcomes.Monte Carlo simulation Similar MatchesSimulationSimulationThe use of a mathematical model to imitate a situation many times in order to estimate the likelihood of various possible outcomes. See: Monte Carlo simulation. |
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