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Monte Carlo method
(redirected from Monte carlo software)

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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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Those using Monte Carlo software may want to consider running additional simulations, assuming the portfolio equaled 80 percent or less of the original starting balance after the initial 10 years.
Monte Carlo Simulation: are your client's boots in the water? (2003 ... by Shambo, James / California CPA
Much like the movie "Groundhog Day," the tax executive can model IRS examination after examination with the essential difference being that the movie always ended the same way whereas Monte Carlo software will produce many alternative outcomes.
Monte Carlo: it's not just gambling by Barnett, Bruce H. / Tax Executive
 
 
 
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