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Monte Carlo / Monte Carlo Method

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Monte Carlo / Monte Carlo Method - definitions

Monte Carlo : A problem-solving technique that uses statistical methods and random sampling to solve mathematical or physical problems. 

[Category=Data Quality ]

Source: Larry English, External , 03-Feb-2009 13:38

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Monte Carlo method - [modeling] An algorithm for computing solutions to problems that contain a large number of variables by performing iterations with different sets of random numbers until the best solution is found. The Monte Carlo method is usually applied to problems too complex for analysis by anything but a computer.

[Category=Geospatial ]

Source: esri, 13 June 2012 11:18:54, External

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