diff --git a/qexpy/core/__init__.py b/qexpy/core/__init__.py
index f325b96..9fc199f 100644
--- a/qexpy/core/__init__.py
+++ b/qexpy/core/__init__.py
@@ -18,6 +18,7 @@
 from .experimental_value import ExperimentalValue
 from .functions import correlation, covariance
 from .measurement import Measurement, RepeatedMeasurement
+from .monte_carlo import monte_carlo
 
 __functions__ = [
     "Measurement",
diff --git a/qexpy/core/derived_value.py b/qexpy/core/derived_value.py
index e4ba33a..5a4e030 100644
--- a/qexpy/core/derived_value.py
+++ b/qexpy/core/derived_value.py
@@ -2,6 +2,7 @@
 
 from functools import cached_property
 
+import qexpy as q
 from qexpy.core.experimental_value import ExperimentalValue
 from qexpy.core.formula import _Formula
 from qexpy.utils import Unit
@@ -29,20 +30,27 @@ class DerivedValue(ExperimentalValue):
 
     def __init__(self, formula: _Formula):
         self._formula = formula
+        self._mc = MonteCarloConfig(self._formula)
+        self._error_method = "auto"
         super().__init__("", None)
 
     def __copy__(self):
         obj = object.__new__(DerivedValue)
         obj._formula = self._formula
+        obj._error_method = self._error_method
         obj._name = self._name
         return obj
 
     @property
     def value(self) -> float:
+        if self.error_method == "monte-carlo":
+            return self._mc.value
         return self._value
 
     @property
     def error(self) -> float:
+        if self.error_method == "monte-carlo":
+            return self._mc.error
         return self._error
 
     @property
@@ -60,3 +68,71 @@ def _error(self):
     @cached_property
     def _unit(self):  # pylint: disable=method-hidden
         return self._formula.unit
+
+    @property
+    def error_method(self) -> str:
+        """The method of error propagation used for this value
+
+        QExPy supports error propagation with partial derivatives (`"derivative"`) and by using
+        a Monte Carlo simulation (`"monte-carlo"`). By default, the global preference for the
+        error method will be used, but it is also possible to configure the error method for a
+        single derived value. To simply use the global option, set this to `"auto"`.
+
+        Examples
+        --------
+
+        >>> import qexpy as q
+        >>> a = q.Measurement(5, 0.1)
+        >>> b = q.Measurement(6, 0.1)
+        >>> res = a * b
+        >>> res.error_method = "monte-carlo"
+        >>> print(res)
+        30.0 +/- 0.8
+
+        """
+        if self._error_method == "auto":
+            return q.options.error.method
+        return self._error_method
+
+    @error_method.setter
+    def error_method(self, method: str):
+        if method not in ("derivative", "monte-carlo", "auto"):
+            raise ValueError("The error method can only be 'derivative', 'monte-carlo', or 'auto'")
+        self._error_method = method
+
+
+class MonteCarloConfig:
+    """Stores all data and configurations of a Monte Carlo simulation."""
+
+    def __init__(self, formula: _Formula):
+        self._formula = formula
+        self._sample_size = 0
+        self._samples = None
+
+    @property
+    def value(self):
+        return self.samples.mean()
+
+    @property
+    def error(self):
+        return self.samples.std()
+
+    @property
+    def sample_size(self) -> int:
+        """The number of samples to use in a Monte Carlo simulation"""
+        if not self._sample_size:
+            return q.options.error.mc.sample_size
+        return self._sample_size
+
+    @sample_size.setter
+    def sample_size(self, size: int):
+        if size < 0:
+            raise ValueError("The sample size must be a positive integer!")
+        self._sample_size = size
+        self._samples = None
+
+    @property
+    def samples(self):
+        if self._samples is None:
+            self._samples = q.core.monte_carlo(self._formula, self.sample_size)
+        return self._samples
diff --git a/qexpy/core/monte_carlo.py b/qexpy/core/monte_carlo.py
new file mode 100644
index 0000000..3716fc8
--- /dev/null
+++ b/qexpy/core/monte_carlo.py
@@ -0,0 +1,80 @@
+"""Monte Carlo method of error propagation"""
+
+from __future__ import annotations
+
+from typing import Iterable, Dict, List
+
+import numpy as np
+
+import qexpy as q
+from qexpy.core.formula import _Formula, _Operation, _find_measurements
+from qexpy.utils import Unit
+
+
+class _MeasurementSample(_Formula):
+    """An array of random samples that simulates a measurement."""
+
+    def __init__(self, samples: np.ndarray, unit: Unit):
+        self._samples = samples
+        self._unit = unit
+
+    @property
+    def value(self) -> float | np.ndarray:
+        return self._samples
+
+    def _derivative(self, x: _Formula) -> float:
+        return 0  # pragma: no cover
+
+    @property
+    def unit(self) -> Unit:
+        return self._unit  # pragma: no cover
+
+
+def monte_carlo(formula: _Formula, sample_size: int) -> np.ndarray:
+    """Use a Monte Carlo simulation to evaluate a formula."""
+
+    sources = _find_measurements(formula)
+    samples = _populate_samples(sources, sample_size)
+    formula = _reconstruct_formula(formula, samples)
+    return formula.value
+
+
+def _populate_samples(
+    sources: Iterable[q.core.Measurement], sample_size: int
+) -> Dict[q.core.Measurement, np.ndarray]:
+    """Populates the samples for all measurements"""
+
+    samples = {}
+    sources = list(sources)
+    offset_matrix = np.vstack([np.random.normal(0, 1, sample_size) for _ in sources])
+    offset_matrix = _correlate_samples(sources, offset_matrix)
+    for measurement, offset in zip(sources, offset_matrix):
+        samples[measurement] = measurement.value + offset * measurement.error
+    return samples
+
+
+def _correlate_samples(sources: List[q.core.Measurement], offsets: np.ndarray) -> np.ndarray:
+    """Apply correlation to the offset matrix"""
+
+    corr_matrix = np.array([[q.correlation(row, col) for col in sources] for row in sources])
+
+    if np.count_nonzero(corr_matrix - np.diag(np.diagonal(corr_matrix))) == 0:
+        return offsets  # if no correlations are present
+
+    cholesky_decomposition = np.linalg.cholesky(corr_matrix)
+    return np.dot(cholesky_decomposition, offsets)
+
+
+def _reconstruct_formula(
+    formula: _Formula, samples: Dict[q.core.Measurement, np.ndarray]
+) -> _Formula:
+    """Reconstruct the formula from the samples"""
+
+    if isinstance(formula, q.core.Measurement):
+        return _MeasurementSample(samples[formula], formula.unit)
+
+    if isinstance(formula, _Operation):
+        operands = tuple(_reconstruct_formula(operand, samples) for operand in formula.operands)
+        return formula.__class__(*operands)
+
+    return formula
diff --git a/tests/.pylintrc b/tests/.pylintrc
index afd753d..da76157 100644
--- a/tests/.pylintrc
+++ b/tests/.pylintrc
@@ -28,3 +28,5 @@ disable=raw-checker-failed,
         cyclic-import,
         protected-access,
         use-implicit-booleaness-not-comparison,
+        duplicate-code,
+        no-member,
diff --git a/tests/core/test_derived_value.py b/tests/core/test_derived_value.py
index 7c37567..3556765 100644
--- a/tests/core/test_derived_value.py
+++ b/tests/core/test_derived_value.py
@@ -1,5 +1,7 @@
 """Tests for ExperimentalValue arithmetic"""
 
+# pylint: disable=no-value-for-parameter
+
 import numpy as np
 import pytest
 
@@ -278,7 +280,8 @@ class TestErrorPropagation:
             lambda x, y: x / y,
         ],
     )
-    def test_correlated_measurements(self, op_func):
+    @pytest.mark.parametrize("error_method", ["derivative", "monte-carlo"])
+    def test_correlated_measurements(self, op_func, error_method):
         """Tests that error propagation works correctly for correlated measurements"""
 
         arr1 = np.array([399.3, 404.6, 394.6, 396.3, 399.6, 404.9, 387.4, 404.9, 398.2, 407.2])
@@ -291,6 +294,7 @@ def test_correlated_measurements(self, op_func):
 
         m1.set_covariance(m2)
         m = op_func(m1, m2)
+        m.error_method = error_method
         assert m.value == pytest.approx(m_expected.value, rel=0.02)
         assert m.error == pytest.approx(m_expected.error, rel=0.02)
 
@@ -303,12 +307,13 @@ def test_correlated_measurements(self, op_func):
             lambda x, y, z: x - y / z,
         ],
     )
-    def test_multiple_correlated_measurements(self, op_func):
+    @pytest.mark.parametrize("error_method", ["derivative", "monte-carlo"])
+    def test_multiple_correlated_measurements(self, op_func, error_method):
         """Tests that error propagation works for multiple correlated measurements"""
 
         arr1 = np.array([399.3, 404.6, 394.6, 396.3, 399.6, 404.9, 387.4, 404.9, 398.2, 407.2])
         arr2 = np.array([193.2, 205.1, 192.6, 194.2, 196.6, 201.0, 184.7, 215.2, 203.6, 207.8])
-        arr3 = np.array([93.2, 105.1, 92.6, 94.2, 96.6, 101.0, 84.7, 115.2, 103.6, 107.8])
+        arr3 = np.array([93.1, 105.1, 92.7, 94.2, 96.6, 101.0, 84.6, 115.3, 103.6, 107.7])
         arr_expected = op_func(arr1, arr2, arr3)
 
         m1 = q.Measurement(arr1)
@@ -320,10 +325,12 @@ def test_multiple_correlated_measurements(self, op_func):
         m1.set_covariance(m3)
         m2.set_covariance(m3)
         m = op_func(m1, m2, m3)
+        m.error_method = error_method
         assert m.value == pytest.approx(m_expected.value, rel=0.02)
         assert m.error == pytest.approx(m_expected.error, rel=0.02)
 
-    def test_composite_formula(self):
+    @pytest.mark.parametrize("error_method", ["derivative", "monte-carlo"])
+    def test_composite_formula(self, error_method):
         """Integration test for error propagation with composite formula"""
 
         q.define_unit("F", "C^2/(N*m)")
@@ -334,28 +341,26 @@ def test_composite_formula(self):
         r = q.Measurement(0.12, relative_error=0.01, unit="m")
 
         force = 1 / (4 * q.pi * q.eps0) * q1 * q2 / r**2
+        force.error_method = error_method
+
+        eps0 = 8.8541878128e-12
+        expected_value = 1 / (4 * np.pi * eps0) * 1.23e-6 * 2.34e-5 / 0.12**2
+        expected_error = np.sqrt(
+            (0.01 * 1.23e-6 / (4 * np.pi * eps0) * 2.34e-5 / 0.12**2) ** 2
+            + (0.01 * 2.34e-5 / (4 * np.pi * eps0) * 1.23e-6 / 0.12**2) ** 2
+            + (0.01 * 0.12 * 2 / (4 * np.pi * eps0) * 1.23e-6 * 2.34e-5 / 0.12**3) ** 2
+            + (0.0000000013e-12 / (4 * np.pi * eps0**2) * 1.23e-6 * 2.34e-5 / 0.12**2) ** 2
+        )
 
         assert isinstance(force, q.core.DerivedValue)
-        assert force.value == pytest.approx(
-            1 / (4 * np.pi * 8.8541878128e-12) * 1.23e-6 * 2.34e-5 / 0.12**2
-        )
-        assert force.error == pytest.approx(
-            np.sqrt(
-                (0.01 * 1.23e-6 / (4 * np.pi * 8.8541878128e-12) * 2.34e-5 / 0.12**2) ** 2
-                + (0.01 * 2.34e-5 / (4 * np.pi * 8.8541878128e-12) * 1.23e-6 / 0.12**2) ** 2
-                + (0.01 * 0.12 * 2 / (4 * np.pi * 8.8541878128e-12) * 1.23e-6 * 2.34e-5 / 0.12**3)
-                ** 2
-                + (
-                    0.0000000013e-12
-                    / (4 * np.pi * 8.8541878128e-12**2)
-                    * 1.23e-6
-                    * 2.34e-5
-                    / 0.12**2
-                )
-                ** 2
-            )
-        )
         assert force.unit == {"kg": 1, "m": 1, "s": -2}
         assert str(force.unit) == "N"
 
+        if force.error_method == "derivative":
+            assert force.value == pytest.approx(expected_value)
+            assert force.error == pytest.approx(expected_error)
+        else:
+            assert force.value == pytest.approx(expected_value, rel=0.001)
+            assert force.error == pytest.approx(expected_error, rel=0.005)
+
         q.clear_unit_definitions()
diff --git a/tests/core/test_experimental_value.py b/tests/core/test_experimental_value.py
index 610b806..c9e822b 100644
--- a/tests/core/test_experimental_value.py
+++ b/tests/core/test_experimental_value.py
@@ -78,7 +78,7 @@ def test_equal(self):
         assert x != 1.22
         assert 1.22 != x
 
-        assert not x == "a"
+        assert x != "a"
 
     def test_not_equal(self):
         """Tests the not equal methods of ExperimentalValue"""
diff --git a/tests/core/test_formula.py b/tests/core/test_formula.py
index a3c32ac..d7d0b6a 100644
--- a/tests/core/test_formula.py
+++ b/tests/core/test_formula.py
@@ -288,7 +288,7 @@ def value(self) -> float:
     @property
     def unit(self) -> Unit:
         """The unit of the formula"""
-        return Unit({})
+        return Unit({})  # pragma: no cover
 
     def _derivative(self, x: _Formula) -> float:
         return self.d if x is self.m else 0
diff --git a/tests/core/test_functions.py b/tests/core/test_functions.py
index 0c1c3a6..2524ef3 100644
--- a/tests/core/test_functions.py
+++ b/tests/core/test_functions.py
@@ -1,5 +1,7 @@
 """Unit tests for general functions in the core module"""
 
+# pylint: disable=no-value-for-parameter
+
 import pytest
 
 import numpy as np
diff --git a/tests/core/test_measurements.py b/tests/core/test_measurements.py
index 3e92c36..becbe34 100644
--- a/tests/core/test_measurements.py
+++ b/tests/core/test_measurements.py
@@ -1,6 +1,6 @@
 """Unit tests for measurements"""
 
-# pylint: disable=too-few-public-methods
+# pylint: disable=no-value-for-parameter
 
 import pytest