Скачать или смотреть Estimation Using Monte Carlo Simulation | Simplified Explanation with Real-World Examples

Discover how Monte Carlo Simulation helps in estimation and decision-making using random sampling and probability distribution. In this video, we explain how Monte Carlo Simulation works, its importance in project management, finance, and risk analysis, and walk through a simple example of estimation using simulations.

📌 Topics Covered:

What is Monte Carlo Simulation?

How Monte Carlo Simulation is used for Estimation

Step-by-Step Example and Python demonstration (if applicable)

Benefits in Project Management and Business Forecasting

Real-world applications

Whether you're a data analyst, project manager, or AI/ML enthusiast, this video will help you understand how to use Monte Carlo techniques to improve accuracy in predictions and manage uncertainty.

👉 Watch till the end to see how simulation results can refine your cost and time estimations.

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