🎥 When do I actually use a Bernoulli distribution in a Monte Carlo simulation? We answer this question in our new video, illustrated, practical, and with plenty of examples from risk management. 📊 The Bernoulli distribution is often the entry point into a simulation and opens the path to follow-up models once a risk materializes. 🔗 Here's the video: https://lnkd.in/e8-YAQEk 👉 We're planning a series: in upcoming videos, we'll present various probability distributions and their typical fields of application in simulation. Worth checking out! #MonteCarlo #Simulation #RiskManagement #BernoulliDistribution #RiskKit
This post was originally published on LinkedIn. View and join the discussion there