| Monte
Carlo Simulation |
 |
A spreadsheet risk analysis model generally used to analyze the effect
of varying inputs on outputs of a model, such as a stock price. Monte
Carlo simulation is one type which randomly generates values for uncertain
variables over and over to simulate a model.
|
 |
The
named for Monte Carlo Simulation came from the city in Monaco where
the primary attractions are casinos containing games of chance. Gambling
games like roulette, dice, and slot machines exhibit random behavior
|
|
|
|
|
Dictionary
