You probably must have studied probability in your secondary schooling, and probably many of you must have got bored with the same subject as it is quite tricky to understand when the problems go beyond coin flip and dice rolling. In practice, there are many situations where finding a probability of something is almost impossible due to variability, uncertainty, and ambiguity. So, how do we find a way from those situations? the answer is to perform Monte Carlo Simulations on your model. Monte Carlo Simulations sometimes called as Monte Carlo Run has a wide range of applications in data science…

Aniket kamat

Electronic Engineer, Aerospace Enthusiastic, Amateur Astronomer

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store