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Simulation for Data Science with R
book

Simulation for Data Science with R

by Matthias Templ
June 2016
Beginner to intermediate
398 pages
8h 51m
English
Packt Publishing
Content preview from Simulation for Data Science with R

Summary

Generally, in science, every result should be reproducible, especially in quantitative analysis. This is possible by setting the seed of a deterministic pseudo random number generator. Secondly, and also very crucial, is to have a well-working random number generator to simulate random numbers from a uniform distribution. R's default random number generator, the Mersenne-Twister register-based algorithm, works pretty well. Simulated random numbers should possibly not be auto-correlated, and they should have a very long period. Otherwise, results might be biased and not trustable.

Based on uniform random numbers, random numbers from other distributions can be simulated. The important methods are the inversion method and rejection sampling. ...

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Publisher Resources

ISBN: 9781785881169