The practical aspects of building computerized simulation studies to analyze and interpret real phenomena are still being introduced to aspiring and practicing actuaries, engineers, computer scientists, and others in the fifth edition of Ross's Simulation. In order to find efficient, precise solutions to issues in a range of fields and forecast future events, readers are taught to apply the results of these analyses to those problems. This most recent edition includes brand-new content on variance reduction, such as control variables' application to regression analysis and how to estimate expected return when playing blackjack. The fifth edition also provides new details on the alias method for creating discrete random variables and extends the use of Markov chain monte carlo methods. A computer can be used to generate random numbers, and Ross's Simulation, Fifth Edition explains how to use these numbers to generate the behavior of a stochastic model over time. This provides the statistics required for both validating and analyzing simulated data.
৳11199 ৳11399-1.75%
- Brand: Academic Press
- SKU: 9789382291992
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