Examlex
Empirical tests have yielded ________ evidence about market efficiency with a general consensus that developing foreign markets are ________.
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, often used to estimate complex probabilistic or deterministic systems.
Simulation Applications
Software programs designed to mimic the operation of real-world processes or systems for the purpose of analysis, training, or decision-making.
Exact Mathematical Model
A precise representation using mathematical equations to describe the characteristics or operations of a system or process.
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, often used in physical and mathematical problem-solving.
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