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    Monte-carlo (en. Monte carlo)

    /mon-te-kar-lo/

    Meaning & Definition

    EnglishSpanish
    noun
    Technique that uses random simulation to estimate outcomes.
    Risk analysis can be performed using the Monte Carlo method.
    El análisis de riesgo se puede realizar usando el método Monte Carlo.
    Application in artificial intelligence and statistics.
    Prediction models frequently incorporate the Monte Carlo approach.
    Los modelos de predicción frecuentemente incorporan el enfoque de Monte Carlo.

    Etymology

    The name comes from the Casino of Monte Carlo, due to the random nature of its games.

    Common Phrases and Expressions

    Monte Carlo method
    Technique for estimating results through random simulations.
    método de Monte Carlo
    Monte Carlo simulation
    Process that involves carrying out multiple simulations to obtain results.
    simulación de Monte Carlo
    Monte Carlo analysis
    Risk assessment using simulations in a model.
    análisis Monte Carlo

    Related Words

    probability
    Measure of the likelihood of an event occurring.
    probabilidad
    statistics
    Discipline that studies the collection, analysis, and interpretation of data.
    estadística
    algorithms
    Set of defined rules that allow solving a problem.
    algoritmos

    Slang Meanings

    In a financial context, refers to risky investments.
    Investing like this is like a Monte Carlo game; anything can happen.
    Invertir así es como un juego de monte-carlo, todo puede pasar.
    To take a quick approach to a complex problem.
    We just did a Monte Carlo calculation to get a general idea.
    Solo hicimos un cálculo de monte-carlo para obtener una idea general.