Glossary

Learn about analytics, product, and technical terms and get their definitions in our Glossary.

Table of Contents

                                                                                                                                                                                                                                                                                                        Monte carlo simulation

                                                                                                                                                                                                                                                                                                        Monte Carlo simulation is a technique that uses iterative random sampling and probability to model and predict a range of potential outcomes in uncertain scenarios. It allows teams to test various scenarios, assess risk, and optimize strategies—making it valuable for both product strategy and financial modeling.

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