Accession Number : ADA180994
Title : Distribution Estimation by Computer Simulation.
Descriptive Note : Technical rept.,
Corporate Author : GEORGE MASON UNIV FAIRFAX VA DEPT OF OPERATIONS RESEARCH AND APPLIED STATISTICS
Personal Author(s) : Harris,Carl M. ; Marchal,William G.
Report Date : APR 1987
Pagination or Media Count : 23
Abstract : This document discusses the practice of estimating probability distribution functions by microcomputer simulation, in contrast to using mainframes. Three key issues are raised as commentary on the current state of the applied art. The first point is that there is a tendency to substitute arithmetic power (brute force) for analytic intelligence. Logically modeling a relationship and identifying the driving variables often yields more insight than voluminous computation, or at least, experimental effort can be greatly reduced by careful pre-analysis. A second observation is that the size of sampling error inherent in the simulation process is not fully appreciated. Sample sizes required for satisfactory levels of precision are frequently larger than intuitively expected by the analyst with minimal statistical training. Finally, the ability to execute many types of realistic simulations efficiently on desktop computers is currently limited by the relatively slow speed of these devices, particularly wehn the sampling is done in conjunction with spreadsheet software. (Author)
Descriptors : *PROBABILITY DISTRIBUTION FUNCTIONS, *ESTIMATES, ARITHMETIC, POWER, VARIABLES, ERRORS, SAMPLING, SIMULATION, COMPUTERIZED SIMULATION, OBSERVATION, STATISTICS, TRAINING, COMPUTATIONS
Subject Categories : Statistics and Probability
Distribution Statement : APPROVED FOR PUBLIC RELEASE