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Monte Carlo Simulations in Python

MedelnivåKunskapsnivå
Uppdaterad 2026-04
Learn to design and run your own Monte Carlo simulations using Python!
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PythonProbability & Statistics
4 tim
15 videor
52 Övningar
4,350 XP
8,386
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Kursbeskrivning

Simulate Outcomes with SciPy and NumPy

This practical course introduces Monte Carlo simulations and their use cases. Monte Carlo simulations are used to estimate a range of outcomes for uncertain events, and Python libraries such as SciPy and NumPy make creating your own simulations fast and easy!

Apply New Skills in a Principled Simulation

As you learn each step of creating a simulation, you’ll apply these skills by performing a principled Monte Carlo simulation on a dataset of diabetes patient outcomes and use the results of your simulation to understand how different variables impact diabetes progression.

Learn How to Assess and Improve Your Simulations

You’ll review probability distributions and understand how to choose the proper distribution for use in your simulation, and you’ll discover the importance of input correlation and model sensitivity analysis. Finally, you’ll learn to communicate your simulation findings using the popular Seaborn visualization library.

Förkunskapskrav

Sampling in Python
1

Introduction to Monte Carlo Simulations

What are Monte Carlo simulations and when are they useful? After covering these foundational questions, you’ll learn how to perform simple simulations such as estimating the value of pi. You’ll also learn about resampling, a special type of Monte Carlo Simulation.
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2

Foundations for Monte Carlo

Now that you can run your own simple simulations, you’re ready to explore real-world application of Monte Carlo simulations across various industries. Then, you’ll dive into the heart of what makes a good simulation work: sampling from the correct probability distribution. You’ll learn about probability distributions for discrete, continuous, and multivariate random variables.
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3

Principled Monte Carlo Simulation

4

Model Checking and Results Interpretation

Discover how to evaluate your Monte Carlo models and communicate the results with easy-to-read visualizations in Seaborn. Finally, use sensitivity analysis to understand how changes to model inputs will impact your results, and practice this concept by simulating how business profits are impacted by changes to sales and inflation!
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Monte Carlo Simulations in Python
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