Monte-carlo-method definition

A computer-simulation technique that uses random samples and other statistical methods to find approximate solutions to mathematical or physical problems.
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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 Monte Carlo, of course, is a historical reference to the famous casino in Monaco.
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(mathematics, statistics) Any of a class of techniques for estimating the solution of a numerical mathematical problem by means of a random artificial sampling experiment that simulates the problem.
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Other Word Forms

Noun

Singular:
monte-carlo-method
Plural:
monte-carlo-methods

Origin of monte-carlo-method

  • After Monte Carlo

    From American Heritage Dictionary of the English Language, 5th Edition

  • Named after the Monte Carlo casino.

    From Wiktionary