Monte Carlo algorithm

A Monte Carlo algorithm is an algorithm for computers. It is used to simulate the behaviour of other systems. It is not an exact method, but a heuristical one. Usually it uses randomness and statistics to get a result.

It is a computation process that utilises random numbers to derive an outcome(s). Instead of having fixed inputs, Probability distributions are assigned to some or all of the inputs. This will generate a probabilty distribution for the output after the simulation is ran.