| | InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
Simulation
Definition 1.
The use of a mathematical model to imitate a situation many times in order to estimate the likelihood of various possible outcomes. See: Monte Carlo simulation.
|
Definition 2.
The use of a mathematical model to recreate a situation, often repeatedly, so that the likelihood of various outcomes can be more accurately estimated.
|
|
|