Question: Based on a real or imagined business scenario, design a Monte Carlo simulation that will enable you to make better business decisions. What do you

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.

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Model 1 Monte Carlo simulation is used for decision making process The manager of most company faced a problem of decision making or at the time of investment The main aim of shareholder and other inv... View full answer

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