Use of Monte Carlo simulation for the public sector: an evidence-based approach to scenario planning

This paper describes a statistical methodology that can be deployed in order to conduct evidence-based scenario planning.
  

Use of Monte Carlo Simulation for the Public Sector

An Evidence-based Approach to Scenario Planning

Roberto FoaUniversity of Michigan at Ann Arbor

Melanie HowardThe Future Foundation

INTRODUCTION: THE CASE FOR MONTE CARLO METHODS

As a methodology...