Stochastic simulation: a package for Monte Carlo experiments on econometric models

The stochastic simulation of an econometric model is an application of Monte Carlo methods. Deterministic simulation is performed setting error terms to zero. Stochastic simulation, on the contrary, takes into account the disturbance terms, solving the model after adding a vector of pseudo-random numbers drawn from a prespecified multivariate distribution.

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Year of publication:	1978-03
Authors:	Bianchi, Carlo ; Calzolari, Giorgio ; Corsi, Paolo

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Bianchi, Carlo and Calzolari, Giorgio and Corsi, Paolo (1978): Stochastic simulation: a package for Monte Carlo experiments on econometric models. Published in: IBM Technical Disclosure Bulletin , Vol. 20, No. 10 (March 1978): pp. 3972-3975.
Classification:	C63 - Computational Techniques ; C87 - Econometric Software
Source:	BASE

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