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The Econometric Analysis of Microscopic Simulation Models

  • Youwei Li
  • Bas Donkers

This paper studies how to compare different microscopic simulation (MS) models and how to compare a MS model with real world. The parameters of interest are classified and characterized, various econometric methods are applied for the comparison. We illustrate the methodolgy on testing of the equality of parameters, such as mean, autocorrelation coefficient, for both the case of comparing two different MS models and of comparing a MS model with real world

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Paper provided by Society for Computational Economics in its series Computing in Economics and Finance 2004 with number 195.

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Date of creation: 11 Aug 2004
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Handle: RePEc:sce:scecf4:195
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