Simulation: A Modeler's Approach

Simulation: A Modeler's Approach

James R. Thompson


a special, built-in remedy of laptop modeling and simulation "The way forward for technological know-how belongs to these prepared to make the shift to simulation-based modeling," predicts Rice Professor James Thompson, a number one modeler and computational statistician widely recognized for his unique rules and fascinating type. He discusses equipment, to be had to someone with a quick laptop desktop, for integrating simulation into the modeling technique in an effort to create significant versions of genuine phenomena. Drawing from a wealth of expertise, he supplies examples from buying and selling markets, oncology, epidemiology, statistical strategy regulate, physics, public coverage, strive against, real-world optimization, Bayesian analyses, and inhabitants dynamics. Dr. Thompson believes that, thus far from freeing us from the need of modeling, the quick computing device permits us to interact in practical versions of techniques in , for instance, economics, that have no longer been attainable prior simply because basic stochastic types within the ahead temporal course commonly develop into fairly unmanageably complicated while one is seeking things like likelihoods. Thompson indicates how simulation can be utilized to circumvent the need of acquiring probability capabilities or moment-generating capabilities as a precursor to parameter estimation. Simulation: A Modeler's technique is a provocative and useful consultant for pros in utilized records in addition to engineers, scientists, laptop scientists, monetary analysts, and a person with an curiosity within the synergy among information, versions, and the electronic machine.

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