Selecting the Number of Replications in a Simulation Study
AbstractIn order to approach a distribution by means of simulation it is necessary to determine a number of replications. The accuracy with which the distribution is calculated will rely on this number of replications. In this work, a relationship between the number of replications and the accuracy of the estimate is obtained, so that if it is wanted to get a prefixed value for the accuracy it is possible to determine which will be the minimum number of replications necessary for it.
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Bibliographic InfoPaper provided by EconWPA in its series Econometrics with number 9612006.
Length: 13 pages
Date of creation: 17 Dec 1996
Date of revision:
Note: Type of Document - PostScript; prepared on IBM PC ; to print on PostScript; pages: 13 ; figures: included. None.
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Number of replications; Monte-Carlo; accuracy; binomial distribution.;
Find related papers by JEL classification:
- C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
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- J. Joseph Beaulieu & Jeffrey A. Miron, 1992.
"Seasonal Unit Roots in Aggregate U.S. Data,"
NBER Technical Working Papers
0126, National Bureau of Economic Research, Inc.
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"Seasonal, Integration And Cointegration,"
6-88-2, Pennsylvania State - Department of Economics.
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