Computer Science - Computer Fundamentals - Discussion

The type of simulation method you're referring to is likely Monte Carlo simulation.

Monte Carlo simulation involves using random numbers to model the probability of different outcomes in a process that cannot easily be predicted due to the presence of random variables.

It's named after the Monte Carlo Casino in Monaco, as the method relies on random sampling similar to games of chance.

Monte Carlo simulation or probability simulation: is a technique used to understand the impact of risk and uncertainty in financial, project management, cost, and other forecasting models.

Monte Carlo simulation: is a computerized mathematical technique that allows people to account for risk in quantitative analysis and decision making.