What is Monte Carlo Simulation?

Описание к видео What is Monte Carlo Simulation?

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Monte Carlo Simulation, also known as the Monte Carlo Method or a multiple probability simulation, is a mathematical technique, which is used to estimate the possible outcomes of an uncertain event. Watch master inventor Martin Keen explain how Monte Carlo Simulation may be your closest thing to a time machine - or more simply - how it may be a way to look into the future for making business decisions.

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