Abstract
Statistical resampling methods provide a simple, versatile and effective means of comparing and validating simulation models. The purpose of this paper is to introduce the framework that the author has found very effective in tackling a wide range of practical situations. Although the methods of analysis discussed are available through the more specialist statistical packages, the main message of this paper is that resampling is actually easily implemented on spreadsheets and does not need specialist knowledge to use effectively. The commonly occurring problems of input modelling, model validation and model comparison in simulation are considered in detail to illustrate how they can be tackled using resampling.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
