The symmetric approximation and monte carlo risk approaches

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Reference no: EM13646580

1) When considering the symmetric approximation and Monte Carlo risk approaches...
Both are constrained to treating the cost elements as being independent.
The symmetric approximation treats the cost elements as if they were dependent, while the Monte Carlo generally assumes independence.
Both are constrained to treating the cost elements as being dependent.
The Monte Carlo approach can address dependencies, while the symmetric approximation generally assumes the cost elements are independent.

Reference no: EM13646580

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