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Old 05-24-2021, 01:36 AM   #1
Join Date: Jan 2019
Posts: 80
Modeling Question

I want to incorporate simulations into my models, but I am not really sure where to start. Does anyone have a recommendation of where to start
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Old 05-24-2021, 01:36 PM   #2
Join Date: Jan 2021
Location: Nevada, USA
Posts: 159
Re: Modeling Question

At the basic level, a simulation just uses a random number generator to feed the inputs of a model and spit out a result. Repeat that process hundreds or thousands of times and you have a Monte Carlo simulation. There's been some discussion of this over in the Probability forum recently, so I would read through those posts if you haven't already. Check out the Monte Carlo Method wiki article for an overview of the concept. If you have any specific platform and or implementation questions post here and we can try and take a look.
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