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For many analytic problems, computer simulation is used where problems are simply too hard to solve deterministically. I can’t directly calculate tomorrow’s closing value of a market index for example (if I could I wouldn’t be here) but with an elaborate enough pricing model, I can pre-compute the values of the financial instruments that comprise an index or…
Added by Gord Sissons on May 24, 2015 at 8:32am — No Comments
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