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simulation

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
Simulation
The use of a mathematical model to imitate a situation many times in order to estimate the likelihood of various possible outcomes. See: Monte Carlo simulation.
simulation
A mathematical exercise in which a model of a system is established, then the model's variables are altered to determine the effects on other variables. For example, a financial analyst might construct a model for predicting a stock's market price and then manipulate various determinants of the price including earnings, interest rates, and the inflation rate to determine how each of these changes affects the market price.


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