Answer for Kindly, I need some help for Monte Carlo model final results

https://365datascience.com/dwqa-answer/answer-for-kindly-i-need-some-help-for-monte-carlo-model-final-results/ -

Hi Fahad!

Thanks for reaching out.

The strange output can depend on two factors. 

The first one is the data, as you suggest. Please carefully double-check the data you are feeding the models with.

The second one is the model you are using. You say that you have followed the principles shown in the videos, which is great. However, it is crucial what formulas you are going to use to incite a Monte Carlo simulation. And, in this case, since the topic you are using Monte Carlo for is not related to Finance (which is the topic of the videos you’ve mentioned), I would leave the floor to you regarding the verification of the formulas that you have used. 

In any case, you should be able to check (and even “play around to understand”) which is the reason for obtaining such a graph. Which, by the way, is correct, given the first two factors. 
Should you change the data set and/or the formula(s), the graph will definitely change as well. 

Hope this helps.

Best,
Martin

#365datascience #DataScience #data #science #365datascience #BigData #tutorial #infographic #career #salary #education #howto #scientist #engineer #course #engineer #MachineLearning #machine #learning #certificate #udemy