Monte Carlo Simulation
Monte Carlo Simulation is a powerful and versatile software feature that is used in a wide range of industries and applications. It is a statistical technique that allows for the generation of multiple possible outcomes based on a set of input variables. This feature is particularly useful in situations where the outcome is affected by a large number of unpredictable factors. Monte Carlo Simulation works by running a large number of simulations, each with slightly different values for the input variables. This creates a distribution of possible outcomes, providing a more
