Latin Hypercube sampling differs from Monte Carlo Sampling in that Latin Hypercube sampling ________.
A)selects random variates independently over the entire range of possible values
B)is a part of the Crystal Ball suite
C)is more representative of reality than Monte Carlo sampling
D)results in a more even distribution of forecast values than Monte Carlo sampling

Question

Quizplus · Accepted Answer

Latin Hypercube sampling divides the possible range of values for each variable into equally probable intervals and samples randomly within each interval, resulting in a more even distribution of forecast values. Monte Carlo Sampling selects random variates independently over the entire range of possible values, but this may lead to gaps or clustering of samples. While Latin Hypercube sampling may be more efficient than Monte Carlo sampling, it is not necessarily more representative of reality. It is not a part of the Crystal Ball suite in particular.

Latin Hypercube Sampling Differs from Monte Carlo Sampling in That