computationally heavy simulation models.The purpose of this paper is to provide a proof-of-concept of a generic empirical validation … methodology for such large-scale simulation models. We introduce an alternative "large-scale" empirical validation approach, and …-case. The validation protocol consists of three stages. At the first stage we use Nearly-Orthogonal Latin Hypercube sampling …

estimate reserves and their prediction errors. We propose to consider proper scoring rules for model validation, and the …

it comes with challenges: while there are more and more standards for design, verification, validation, and presentation … a model is strongly connected to the activities of model verification and validation, I embed these two activities into …

Since the influential survey by Windrum et al. (2007), research on empirical validation of agent-based models in … stock of such recent literature to offer an updated critical review of existing validation techniques. We sketch a simple … theoretical framework that conceptualizes existing validation approaches, which we discuss along three different dimensions: (i …

computationally heavy simulation models.The purpose of this paper is to provide a proof-of-concept of a generic empirical validation … methodology for such large-scale simulation models. We introduce an alternative "large-scale" empirical validation approach, and …-case. The validation protocol consists of three stages. At the first stage we use Nearly-Orthogonal Latin Hypercube sampling …