The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.

Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation. The toolkit uses a proprietary coding language, ThetaML, ...

I am looking to estimate the potential for failure in a complex system using Monte Carlo simulation. I am quite familiar with using MC for engineering simulations, but have never approached the ...

Rick Ferri, the tenacious burr under the saddle of asset-based financial planning business models, is at it again. Concurrent with his ongoing battle to push the financial advice industry toward lower ...

Forbes contributors publish independent expert analyses and insights. I track enterprise software application development & data management. AI is all about logic, but not all of it is straightforward ...

Particle physicists are building innovative machine-learning algorithms to enhance Monte Carlo simulations with the power of AI. Originally developed nearly a century ago by physicists studying ...