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Glossary > S > "Simulation" Definition

Simulation

The use of a mathematical model to imitate a situation many times in order to estimate the likelihood of various possible outcomes. See: Monte Carlo simulation.

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Simulation - The use of a mathematical model to imitate a situation many times in order to estimate the likelihood of various possible outcomes. See: Monte Carlo simulation.

Simulation : the use of a mathematical model to imitate a situation many times in order to estimate the likelihood of various possible outcomes. see: monte carlo simulation.