Uses Monte Carlo simulation of random variables throughout the semester to gain insight into the processes under study. Prereq., APPM 3570 or equivalent. Same as APPM 5560. Usually offered every Fall.

Mark Quant, a crypto researcher, performed a Monte Carlo simulation to analyze Bitcoin's price, providing a six-month forecast for the crypto asset. The Monte Carlo model is a computational method ...

Named for the gambling center in Monaco, a Monte Carlo Analysis is essentially a forecasting model that takes as many variables into consideration as possible, then runs repeated simulations to ...