It could also find use in stock market predictions and complex scientific
simulations of random processes, such as biological interactions or nuclear reactions.
Not exact matches
Precisely that question was addressed by Mann and coworkers in their response to the rejected MM comment through the use
of so - called «Monte Carlo»
simulations that generate an ensemble
of realizations
of the
random process in question (see here) to determine the «null» eigenvalue spectrum that would be expected from simple red noise with the statistical attributes
of the North American ITRDB data.
That's exactly what a diffusional
random walk
simulation does — it demonstrates and quantifies the smearing and uncertainty in the path
of a trajectory, in this case it is a constrained T and CO2 diffusional
process.