A computer-simulation technique that uses random samples and other statistical methods to find approximate solutions to mathematical or physical problems.
A technique that provides approximate solutions to problems expressed mathematically. Using random numbers and trial and error, it repeatedly calculates the equations to arrive at a solution. Many of the Monte Carlo methods and practices used to be referred to as rather generic "statistical sampling." Monte Carlo, of course, is a historical reference to the famous casino in Monaco.
Origin of monte-carlo-method
Named after the Monte Carlo casino.