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Generation of Dependent Random Variates with Given Marginal Distributions and Fractile Correlation Structure

Author

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  • Fackler, Paul L.
  • King, Robert P.

Abstract

A method is developed to generate dependent pseudorandom variates with specified marginal distributions and correlation matrix which makes use of the fractile correlation rather than the usual cross product moment correlation. An example concerning crop yields illustrates how the parameters used by the method can be estimated from historical data.

Suggested Citation

  • Fackler, Paul L. & King, Robert P., "undated". "Generation of Dependent Random Variates with Given Marginal Distributions and Fractile Correlation Structure," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270406, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea88:270406
    DOI: 10.22004/ag.econ.270406
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    References listed on IDEAS

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    5. Anderson, Jock R., 1974. "Simulation: Methodology and Application in Agricultural Economics," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(01), pages 1-53, March.
    6. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652.
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