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05b Data Analytics: Monte Carlo Simulation

A lecture on Monte Carlo Simulation. Follow along with the demonstration workflow in Python: o. Interactive Monte Carlo simulation: https://github.com/GeostatsGuy/Python... Follow along with the demonstration workflow in Excel: o. I wrote a midterm that was too long and then used Monte Carlo simulation afterwards to demonstrate that a longer test is more fair: https://github.com/GeostatsGuy/ExcelN... Data Analytics and Geostatistics is an undergraduate course that I teach fall and spring semesters at The University of Texas at Austin. We build up fundamental spatial, subsurface, geoscience and engineering modeling, from probability, statistics, heterogeneity measures, spatial continuity models, spatial estimation, spatial simulation, model checking, decision making, up to machine learning basics. I provide accessible content to help you face the digital revolution! Learn more me and my research program at The University of Texas at Austin at www.michaelpyrcz.com. I hope you find this course content useful, Michael Pyrcz Associate Professor Cockrell School of Engineering Jackson School of Geosciences The University of Texas at Austin