Theory, Application, and Implementation of Monte Carlo Method in Science and Technology
The Monte Carlo method is a numerical technique to model the probability of all possible outcomes in a process that cannot easily be predicted due to the interference of random variables. It is a technique used to understand the impact of risk, uncertainty, and ambiguity in forecasting models. Howev...
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| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
IntechOpen
2019
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| Online Access: | DOAB: download the publication DOAB: description of the publication |
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