MATC606_W16-Modelling and Simulation (SY25-26_Term2)

Multiple Choice

What is the first step in the Monte Carlo Simulation process?

• Define uncertain variables

• Assign probability distributions

• Run simulation

• Analyze the range of outcomes

Multiple Choice

What is the significance of the Monte Carlo simulation in project timeline risk assessment?

• It guarantees project completion

• It provides a statistical analysis of risks

• It eliminates all risks

• It is only useful for small projects

Multiple Select

What techniques can be applied to analyze data using Time Series Analysis? (Choose 2)

• Identifying trends

• Forecasting

• Data cleaning

• Statistical testing

Multiple Choice

Which among the following is a component of a Time Series?

• Trend

• Seasonality

• Cyclical

• Irregular

Multiple Choice

Why is context essential for businesses in the Philippines?

• To manage risks

• To analyze data

• To understand seasonal demands

• All of the above

Multiple Choice

What is the purpose of analyzing data in Time Series?

• To find trends and seasonality

• To simulate scenarios

• To manage risks

• To understand market fluctuations

Multiple Choice

What are the basic concepts of Monte Carlo Simulation and its applications for risk assessment?

• Statistical modeling

• Data visualization

• Risk management

• Predictive analytics

Multiple Choice

What does the Monte Carlo method simulate?

• Real-time data analysis

• What-if scenarios

• Statistical trends

• Market fluctuations