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Simulation uses models constructed by experts to predict probabilities. Machine Learning builds its own models to predict future outcomes. Monte Carlo (the place) is the iconic capital of gambling—an endeavor that relies exclusively on chance probabilities to determine winners and

Data Mining describes patterns, correlations, and anomalies in data. Mines are not the best analogies for the processes referred to as Data Mining. Never mind that we call data storage places bases, warehouses, and lakes. Extraction of raw data material is not