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What is Monte Carlo simulation?

Is trading in the share market similar to a game of roulette that Monte Carlo is famous for.

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Question added by Subhranshu Ganguly , Quality Analyst. , WIPRO
Date Posted: 2013/12/13
Gurpartap Singh
by Gurpartap Singh , Band S2 as a Cashier cum Accountant , Fabindia Overseas Pvt Ltd

Monte Carlo simulation, or probability simulation, is a technique used to understand the impact of risk and uncertainty in financial, project management, cost, and other forecasting models. Uncertainty in Forecasting Models.

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