October 2015
Beginner
384 pages
16h 41m
English
Content preview from Business Statistics Made Easy in SAS
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Simulation in Business Situations
Introduction to Simulation
So far, we have looked at statistics that you perform on actual, real data that you
have gathered.
On the other hand, simulation is a class of analysis based on hypothetical data that
you make up, in order to study real life events and objects. This chapter explains
this concept briefly, starting with an initial example.
Initial Example of a Simulation
To explain this concept of simulation with hypothetical made-up data, imagine you are an automobile company. You want to assess the production of a certain car, which is assembled on a production line on which employees and machines work in a given sequence of activities. There are various things you could change to improve the ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.