Generation and testing of pseudo-random numbers to be used in the stochastic simulation of econometric models
AbstractPurpose of this paper is the description of the tecniques used to generate pseudo-random numbers, to be added as disturbance terms to the stochastic structural equations of econometric models. These disturbance terms should have the same statistical properties as the residuals obtained, in each equation, during the estimation phase.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 24172.
Date of creation: 1976
Date of revision:
Econometric models; random numbers; stochastic simulation;
Find related papers by JEL classification:
- C87 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Econometric Software
- C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
- C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Michael K. Evans & Lawrence R. Klein & Mitsuo Saito & Michael D. McCarthy, 1972. "Short-Run Prediction And Long-Run Simulation Of The Wharton Model," NBER Chapters, in: Econometric Models of Cyclical Behavior, Vols. 1 and 2, pages 139-200 National Bureau of Economic Research, Inc.
- Gary Fromm & Lawrence R. Klein & George R. Schink, 1972. "Short- And Long-Term Simulations With The Brookings Model," NBER Chapters, in: Econometric Models of Cyclical Behavior, Vols. 1 and 2, pages 201-310 National Bureau of Economic Research, Inc.
- Bianchi, Carlo & Calzolari, Giorgio & Corsi, Paolo, 1978. "Stochastic simulation of econometric models: installation procedures and user's instructions," MPRA Paper 24173, University Library of Munich, Germany.
- Calzolari, Giorgio, 1979. "Stochastic simulation experiments on Model 5 of Bonn University," MPRA Paper 24456, University Library of Munich, Germany.
- Calzolari, Giorgio & Corsi, Paolo, 1977. "Stochastic simulation as a validation tool for econometric models," MPRA Paper 21226, University Library of Munich, Germany.
- Bianchi, Carlo & Calzolari, Giorgio & Corsi, Paolo, 1979. "Some results on the stochastic simulation of a nonlinear model of the Italian economy," MPRA Paper 22684, University Library of Munich, Germany.
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