answersLogoWhite

0

monte carlo simulation is used to give solutions of deterministic problems whereas

stochastic simulation is used for stochastic problems.

User Avatar

Wiki User

12y ago

Still curious? Ask our experts.

Chat with our AI personalities

LaoLao
The path is yours to walk; I am only here to hold up a mirror.
Chat with Lao
FranFran
I've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran
MaxineMaxine
I respect you enough to keep it real.
Chat with Maxine

Add your answer:

Earn +20 pts
Q: What is the difference between Monte Carlo and stochastic methods of simulation?
Write your answer...
Submit
Still have questions?
magnify glass
imp