If we are using a Monte Carlo simulation model, we should expect the model to produce the same results for each set of random numbers used.

Question

Quizplus · Accepted Answer

Monte Carlo simulation involves using random numbers to generate various scenarios, and therefore the results are not expected to be the same for each set of random numbers. The purpose of using Monte Carlo simulation is to account for the uncertainty and variability in the system being modeled.

If We Are Using a Monte Carlo Simulation Model, We