top of page
Monte Carlo Simulation
Monte Carlo is a tool for modeling situations when uncertainty is relevant. It is a widely used, advanced analytics tool.
​
"It tells you not only what could happen, but how likely it is to happen"
The result is a "probability distribution" for each time it is run, the outcome will always be different than the one before.
​
Includes two pieces of information: mean values/expected values and tail probabilities
Open Complete Document Here
bottom of page