By definition, computer simulation or Monte Carlo models are not solved by mathematical analysis (such as differential calculus), but are used for numerical experimentation. The goal of these experiments is to answer questions about the real world; i.e., the experimenters may use their models to answer what if questions this is also called sensitivity analysis.
|Title of host publication||Handbook of Computational Statistics, Vol. 1. Concepts and Fundamentals, 2nd Edition|
|Editors||J.E. Gentle, W. Haerdle, Y. Mori|
|Place of Publication||Heidelberg|
|Number of pages||1192|
|Publication status||Published - 2012|
|Name||Springer Handbooks of Computational Statistics|