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The use of a mathematical model with different values as variables in order to determine the likelihood of a particular outcome. A simulation is run many times (often thousands) in order to find the most likely outcome. Running simulations is important for analysts who, for example, wish to predict a security's future price movements.
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To create an artificial environment or circumstance that closely resembles reality so that people may test their predictions about behavior or practice their skills. One may purchase simulation software to help new real estate agents learn how to interact with buyers and sellers or house-flipping simulation software to learn the tricks and perils of that process.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Another photograph shows a pair of naked Iraqi male detainees kneeling on the ground simulating a sex act, their thumbs raised up to the cameras.
In a second experiment, two layers in a hemisphere were exploded by laser radiation, simulating the breakup of the outer layers of a supernova.
Designing and simulating the 777 consumed about 2,200 workstations linked to a four-IBM mainframe cluster in Puget Sound, plus four more mainframes in other locations, and 3 terabytes of data.
Real-world conditions are accurately replicated by simulating error conditions, realistic user behavior, and maintaining over one million open connections from distinct IP addresses.
By simulating cope removal at 24, 48, 72 and 96 hr, it was found that early pulling of the cope was a direct contributing factor to the experienced distortion.
This functional test provides an opportunity to observe accelerated gasket/cover/fastener performance under conditions closely simulating those in actual service and allows engineers to more accurately predict sealing system reliability.
There is much more that's new in reverse-engineering and inspection software, and a substantial crop of new software for simulating injection and blow molding, thermoforming, and profile extrusion.
Specific projects include modeling the Earth's magnetic field; simulating ice age development and the accompanying variations in sea level; enhancing a coupled atmosphere-ocean-ice-land climate model; simulating the distribution of methane and carbon monoxide in the troposphere; and modeling the thermal convection process within the Earth's mantle, which causes plate tectonics.
A means of simulating electron trajectories and secondary generation in scanning electron microscope samples is an essential piece of the library-based linewidth measurement system being developed under contract with SEMATECH.
At present, the models take shortcuts in simulating fluid flow in the core.
Polyflow tried simulating a change in slope of the conical surface of the die plate to compensate for melt-temperature differences.
Ward believes the model presents an accurate picture of quake behavior because it does well at simulating the record of smaller, more numerous earthquakes within this century.

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