4 ms·
Monte Carlo simulations are often just a relatively easy way of doing numerical integrations. But it sounds fancy.
by Ma8ee 5y ago
Monte Carlo simulations are often just a relatively easy way of doing numerical integrations. But it sounds fancy.
- shapefrog 5y agoI use Monte Carlo simulations because I am not that great at doing complex statistics. It sounds fancier to say modeled using a Monte Carlo simulation, but in reality it is much easier than working with joint and conditional probabilities.