👉 Monte Carlo simulation, also known as Monte Carlo method or Monte Carlo analysis, is a statistical process used in the field of probability and statistics to generate random samples. It involves using numerical simulations to estimate probabilities associated with events based on historical data. In this context, "montebrasite" refers to a specific type of Monte Carlo simulation algorithm. This type of simulation is commonly used for estimating the probability of certain outcomes occurring within a defined range or interval. The name "Montebrasite