Monte Carlo Estimation

GPTKB entity

Statements (32)
Predicate Object
gptkbp:instanceOf statistical analysis
gptkbp:advantage Handles High-Dimensional Problems
gptkbp:application gptkb:Particle_Physics_Simulations
gptkb:Radiation_Transport
gptkb:Risk_Analysis
Computer Graphics
Bayesian Inference
Option Pricing
gptkbp:basedOn Random Sampling
gptkbp:developedBy 1940s
https://www.w3.org/2000/01/rdf-schema#label Monte Carlo Estimation
gptkbp:limitation Requires Many Samples
Slow Convergence
gptkbp:namedAfter Monte Carlo Casino
gptkbp:notableFigure gptkb:John_von_Neumann
gptkb:Stanislaw_Ulam
gptkbp:output Statistical Estimate
gptkbp:purpose gptkb:Numerical_Integration
Uncertainty Quantification
Optimization
gptkbp:relatedTo gptkb:Markov_Chain_Monte_Carlo
gptkb:Law_of_Large_Numbers
Importance Sampling
Variance Reduction
gptkbp:requires gptkb:Random_Number_Generator
gptkbp:usedIn gptkb:Machine_Learning
gptkb:Physics
Engineering
Finance
Statistics
gptkbp:bfsParent gptkb:MCE
gptkbp:bfsLayer 7