Monte Carlo Definition

Monte Carlo

Definition

An analytical technique in which a large number of simulations are run using random quantities for uncertain variables and looking at the distribution of results to infer which values are most likely. The name comes from the city of Monte Carlo, which is known for its casinos.

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Monte Carlo is ...
... part of the Technical Analysis subject.

Monte Carlo appears in the definitions of these other terms on BusinessDictionary.com

Monte Carlo method, operations research (OR)