Which method best attempts to model all of the uncertainties of the real world?

Question

Quizplus · Accepted Answer

Monte Carlo simulation is the only method that attempts to model all of the uncertainties of the real world. It uses probability distributions to simulate a range of possible outcomes and their likelihoods, taking into account multiple variables and their interactions. The other methods listed (scenario analysis, financial break-even analysis, accounting break-even analysis, and sensitivity analysis) do not fully capture the complexity and variability of real-world situations.

Which Method Best Attempts to Model All of the Uncertainties