Good morning, I came across the following terms: Monte Carlo simulation of first order and second order. I've been working with MMC for some time but I'm not familiar with these terms and I have not found any material on that. Can someone please help me? Thanks!
Monte Carlo Simulation
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asked by anonymous 23.10.2018 / 15:06
1 answer
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First-order simulation takes variability into account. And the second-order simulation also takes into account the variability and uncertainty of the parameter.
Take a look at this article: link
29.10.2018 / 21:12