Generating Random Numbers
Much of this book deals with simulation methods for probability models, also called Monte Carlo methods. We have seen a few introductory examples in Chapter 1. Even for some models that are easy to specify in a theoretical form, it may be difficult or impossible to “do the math” necessary to obtain the numerical results required in practice. Because of recent advances in computer hardware and software, simulation methods now offer feasible solutions to some of these troublesome computational problems.
KeywordsGenerate Random Pseudorandom Number Moment Generate Function Quantile Function Full Period
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