Advisors and websites often show clients the results of large numbers of Monte Carlo simulations. It is hoped that clients will be calmed by pursuing avenues predicted to have a 90% chance of success.

Particle physicists are building innovative machine-learning algorithms to enhance Monte Carlo simulations with the power of AI. Originally developed nearly a century ago by physicists studying ...

We have all made decisions, whether in our personal or professional lives, based on imperfect information. How can we manage that risk and improve business outcomes? One answer is a statistical method ...

How to use statistical tools for component tolerance analysis. A look at methods such as Monte Carlo and Gaussian distribution. Simulating a dc-dc converter in LTspice to model closed-loop voltage ...