4 ms·
Monte Carlo can be used to simulate any stochastic part of a process, not just inputs.
by astrophysician 7y ago
Monte Carlo can be used to simulate any stochastic part of a process, not just inputs.
- lanstin 7y agoMonte Carlo can also be used to estimate completely deterministic quantities - e.g. hyper volumes under high dimension curves where it’s too expensive to numerically integrate but you only need a few sig figs of accuracy.