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Monte Carlo Simulations

in PHP added by goodphptutorials, on 2/7/2010 advanced tutorials modelling monte-carlo

Monte Carlo simulations are a handy tool for looking at situations that have some aspect of uncertainty, by modelling them with a pseudo-random element and conducting a large number of trials. There isn’t a hard and fast Monte Carlo algorithm, but the process generally goes: start with a situation you wish to model, write a program to describe it that includes a random input, run that program many times, and look at the results.

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