A company wants to simulate decisions that requires large amounts of data. However, the organisation’s live data is inaccessible. Your advice is to use a Monte Carlo data set.

A company wants to simulate decisions that requires large amounts of data. However, the organisation’s live data is inaccessible. Your advice is to use a Monte Carlo data set.

The Monte Carlo method________________
A . enables the company to generate random data for most of its application needs
B . generates data that the company can use as input for adaptive decisioning
C . combines external data sets into a larger data set
D . makes the organisation’s live data accessible

View Answer

Answer: A