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The essence of probation is:
Latin Hypercube Sampling
Latin Hypercube Sampling is a statistical method used to generate a sample of plausible collections of parameter values from a multidimensional distribution, often used in uncertainty analysis and optimization.
Monte Carlo Sampling
A statistical technique that uses random sampling and repeated simulations to compute results for complex problems.
Forecast Values
Predicted numerical values based on historical data analysis, used in various industries for planning and decision-making purposes.
Uncertain Inputs
Variables in a model or decision-making process whose values are not known with certainty, often requiring risk analysis or simulation to manage.
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