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Nov 22, 2011 10:01 PM
(5284 views)

Hello,

What is the mathematical basis of the simulation done in JMP (Simulator function? Is it Monte-Carlo or something similar? Is there somewhere a reference around?

Thank you.

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It's Monte Carlo simulation - the mathematical basis is simply generating random numbers generated according to the specified distribution function, and then evaluating the formula with the random samples. The method uses standard JMP functions for generating random numbers - these are documented in the user guide; the simulator user interface is documented in the online book on modelling and multivariate methods.

Dave

-Dave

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It's Monte Carlo simulation - the mathematical basis is simply generating random numbers generated according to the specified distribution function, and then evaluating the formula with the random samples. The method uses standard JMP functions for generating random numbers - these are documented in the user guide; the simulator user interface is documented in the online book on modelling and multivariate methods.

Dave

-Dave

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Simulator

Thanks.

It would just be great, if Monte-Carlo would also be mentioned in the user guide in the section for the simulator.

Cheers