Stochastic simulation: a package for Monte Carlo experiments on econometric models
The stochastic simulation of an econometric model is an application of Monte Carlo methods. Deterministic simulation is performed setting error terms to zero. Stochastic simulation, on the contrary, takes into account the disturbance terms, solving the model after adding a vector of pseudo-random numbers drawn from a prespecified multivariate distribution.
|Date of creation:||Mar 1978|
|Date of revision:||Mar 1978|
|Publication status:||Published in IBM Technical Disclosure Bulletin 10.20(1978): pp. 3972-3975|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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