Why is monte carlo simulation important for decision making

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Reference no: EM133655144

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Read the article "What Age Is Considered Early for Retirement?" By Dana Anspach and answer the following questions:

1. In your own words, what is Monte Carlo Analysis and how does it drive productive risk-taking?

2. Why is the Monte Carlo Simulation important for business decision making, financial planning and strategic business management?

Reference no: EM133655144

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