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Monte Carlo Simulation An In-depth Tutorial with Python
Figure 1: The Monte Carlo Simulation methods are used in many industries, from the stock market to finance, energy, banking, and other forecasting models. | Source: Pexels An in-depth tutorial on the Monte Carlo Simulation methods and applications with Python Author(s): Pratik Shukla, …
Machine Learning Model for Stochastic Processes
Author(s): Benjamin Obi Tayo Ph.D. Originally published on Towards AI. Abstract: Using the loan_timing.csv dataset provided, we built a simple model using the Monte Carlo simulation for predicting the fraction of loans that will default after the 3-year duration of the loan. …
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