Your IP: Unknown · Your Status: ProtectedUnprotectedUnknown
Monte Carlo simulation

Monte Carlo simulation

(also Monte Carlo method, Monte Carlo experiment)


Monte Carlo simulation definition

A model that uses repeated random sampling to get numerical data. Monte Carlo simulations predict the probability of different outcomes, helping decision-makers understand the impact of possible risks.

Monte Carlo simulation uses

  • Cybersecurity threat modeling
  • Financial projections
  • Manufacturing prospects
  • Insurance risk assessment
  • Extreme weather forecasts

Further reading

The best experience online with NordVPN