Issues with Monte Carlo
A broad class of computational algorithms that rely on repeated random sampling to obtain numerical results.
What is the Monte Carlo Simulation
Sophisticated Risk analysis methods are applied to what types of risk?
What is low level operational risks?
How do herds of cattle move?
What is together and irregular?
What shape is a normal distribution?
What is a Bell Shape Curve?
What is Measurement Inversion?
What is focusing on the least valuable measurements rather than the more important ones?
What is the basis of failure for the Monte Carlo Simulation?
What types of risk Managment methods are used for the biggest risks?
What is No methods, or soft methods.
What do managers ignore in models that increases risk?
What is correlation within models?
What tests can statisticians use to determine if normal distribution is good?
What is Chi Square test of KS Test?
What starts with if it looks like a duck?
How many individuals compared forecasted outcomes to historical outcome?
What is one?
Common Grivances with Monte Carlo
A correlation between what two variables lets to Citigroups government bailout?
What is correlation between significant write downs and losses on subprime loans?
What is a concern with goodness of fit tests?
Is the Monte Carlo too Complicated?
What is No?