Difference between revisions of "Simulation"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| Line 3: | Line 3: | ||
== See Also == | == See Also == | ||
| − | * [[Monte Carlo Simulation]] | + | * [[Monte-Carlo Simulation]] |
[[Category:Simulation]] | [[Category:Simulation]] | ||
Revision as of 20:46, 21 November 2022
Definition
Simulation is very general Statistical / Mathematical Concept that denotes the exploration and analysis of a real-world phenomenon through the imitation (emulation) of its postulated governing rules. Simulations typically require the use of mathematical models (representations of the key characteristics or behaviors of the system or process being studied).
