Based on a real or imagined business scenario, design a Monte Carlo simulation that will enable you

Question:

Based on a real or imagined business scenario, design a that will enable you to make better business decisions. What do you hope to gain from the simulation? Discuss the uses and shortcomings of Propose at least one alternative methods to the that you've learned about or used in real life.
Monte Carlo simulation
Monte Carlo simulation is a technique used to understand the impact of risk and uncertainty in financial, project management, cost, and other forecasting models. A Monte Carlo simulator helps one visualize most or all of the potential outcomes to...