Question
How should one determine which RNGs (Random Number Generators) to employ in a spreadsheet simulation model? Use the Analytic Solver Platform gallery and pick a
How should one determine which RNGs (Random Number Generators) to employ in a spreadsheet simulation model?
Use the Analytic Solver Platform gallery and pick a distribution. | ||
Generate thousands of samples and compare the resulting histogram to ensure the distribution is correct. | ||
Solve the deterministic model repeatedly and use Analytic Solver Platform distribution fitting tools. | ||
The distributions selected should represent the underlying pool of values expected to occur. |
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
12th Edition
840062338, 840062346, 9780840062338, 978-0840062345
