Monte Carlo Simulation: What It Is, How It Works, History, 4 Key Steps

The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.
JSTOR Daily

Importance Link Function Estimation for Markov Chain Monte Carlo Methods

This article focuses on improving estimation for Markov chain Monte Carlo simulation. The proposed methodology is based upon the use of importance link functions. With the help of appropriate ...
JSTOR Daily

Adaptive Monte Carlo for Bayesian Variable Selection in Regression Models

Journal of Computational and Graphical Statistics, Vol. 22, No. 3, Special Issue: Advances in Markov Chain Monte Carlo (September 2013), pp. 729-748 (20 pages) This article describes methods for ...
Investopedia

How to Create a Monte Carlo Simulation Using Excel

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Gordon Scott has been an active investor and ...