The Monte Carlo method of random simulation samples

The Monte Carlo method is one of the most powerful mathematical techniques that, through calculation, analyzes risk and allows solving physical and mathematical problems through computer programs. Using historical data creates and predicts models of possible future results by substituting a range of...

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Bibliographic Details
Published in:Mercados y Negocios 2023-09 (50), p.95-108
Main Author: Gaytán Cortés, Juan
Format: Article
Language:English
Subjects:
economy
finance
index
monte carlo method
random simulation samples
Online Access:Get full text
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Summary:The Monte Carlo method is one of the most powerful mathematical techniques that, through calculation, analyzes risk and allows solving physical and mathematical problems through computer programs. Using historical data creates and predicts models of possible future results by substituting a range of values, calculating results repeatedly, and using a different group of random values of the probability functions to predict the potential effects of some uncertain event related to problems of all kinds.
ISSN:1665-7039
2594-0163
2594-0163
DOI:10.32870/myn.vi50.7710