Definition: Monte Carlo Simulation is a computer-based technique that performs probabilistic forecasting of possible outcomes to facilitate decision making. |
More on decision support: Activity Based Costing, Artificial Intelligence In Marketing, Big Data Analytics, Business Intelligence, Business Performance Management, more on decision support... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject. |
© 2024 MBA Brief - Last updated: 29-4-2024 - Privacy | Terms