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Macapps world simulation

The range of applications of the Monte Carlo Simulation model is huge. Starting from various disciplines, this model can be put to use to determine outcomes related to the geography of the world, weather department, advanced mathematics, and science research laboratories.

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Macapps world simulation

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Presentation Transcript

  1. Monte Carlo Simulation • Monte Carlo Simulation is a mathematical technique that is computerized and executed with data in order to generate results.

  2. Uses of Monte carlo simulation * This model is so widely used as it is the most reasonable method that is put to use when a particular model has factors that are not fixed, dynamic, or open to interpretation.

  3. History of montecarlo simulation * The Monte Carlo Simulation model was first brought to light by the mathematician who worked on the Manhattan Project, Stanislaw Ulam. 

  4. Usage of montecarlo method

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