Simulation-based Approach

Simulation-based approach is a methodology that involves creating a computer model of a real-world system or process and using it to simulate the behavior of the system or process under different conditions. In data science and artificial intelligence, simulation-based approach is used to create models that can be used to predict the behavior of complex systems or processes. These models can be used to test different scenarios and make predictions about how the system or process will behave in the future. Simulation-based approach is particularly useful in situations where it is difficult or impossible to observe the system or process directly, or where it is too expensive or time-consuming to conduct experiments in the real world.
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