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Monte Carlo method
(redirected from Monte Carlo analysis)

    Also found in: Medical, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Monte Carlo method
n
(Mathematics & Measurements / Statistics) a heuristic mathematical technique for evaluation or estimation of intractable problems by probabilistic simulation and sampling
[named after the casino at Monte Carlo, where systems for winning at roulette, etc., are often tried]
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The first is a set of extensive tutorials introducing Monte Carlo analysis and showing how the PcNaive program can be used.
PcNaive; 4: Interactive Monte Carlo experimentation in econometrics by SciTech Book News
Thus, reasonable assumptions should be made about the distributions of these parameters and the result using Monte Carlo analysis should be examined) In fact, the key problem with using present value analysis to evaluate an option is the problematic interest rate assumption, especially the risk premium.
The timing of development revealed by the market: an options approach by Colwell, Dorothea M.; Colwell, Peter F. / Appraisal Journal
Monte Carlo Analysis A more advanced approach beyond expected value is application of Monte Carlo Analysis.
Pollution Solution by Vetter, James R. / Best's Review
 
 
 
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