Safta Catalin Mihai
02/22/2024, 3:03 PMMariano Guerra
Joshua Horowitz
02/22/2024, 8:22 PM(30% int, 70% string) myVar
.Mariano Guerra
Mariano Guerra
Ranges and the Monte Carlo method
When variables are in the format of a range (e.g. 0 to 100, uniform(0,100), a
is run to estimate the possible outcomes of an uncertain event. Monte Carlo will randomly pick a value from the distribution and compute the whole model as if it were that random constant value. This process is repeated multiple times to generate distributions for the output variables.
The use of the simulation allows Causal to perform computations using values with uncertainty that are not possible without it. Due to this method of handling uncertainty, you may notice that the range of the cell and the value are not the numbers you inputted or would expect, but only by a trivial amount.
Safta Catalin Mihai
02/22/2024, 9:14 PM