You work for an airline that is considering a proposal to offer a new, nonstop flight between Atlanta and Tokyo Senior management asks a team of analysts to run a Monte Carlo simulation of the project Your job is to advise the group on what assumptions they should put in the simulation regarding th...

The assumptions that the airline would likely need to put into place in order to run a Monte Carl ...

You work for an airline that is considering a proposal to offer a new, nonstop flight between

Question:

You work for an airline that is considering a proposal to offer a new, nonstop flight between Atlanta and Tokyo. Senior management asks a team of analysts to run a of the project. Your job is to advise the group on what assumptions they should put in the simulation regarding the of the ticket price your airline will be able to charge. How would you go about this task?
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... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...