Examlex
Which of the following are examples of firm resources that may be a source of competitive advantage?
Monte Carlo Simulation
A computational algorithm that relies on repeated random sampling to obtain numerical results, often used in physical and mathematical problem-solving.
Correlation Coefficients
Statistical measures that quantify the strength and direction of the linear relationship between two variables, ranging from -1 (perfect negative correlation) to 1 (perfect positive correlation).
Latin Hypercube Sampling
A statistical method for generating a sample of plausible collections of parameter values from a multidimensional distribution.
Monte Carlo Forecasting
A technique using random sampling and statistical modeling to predict outcomes in complex systems or processes.
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