Choosing the right simulation technique
The bad news is that there is no general guidance and no general method for simulation. The choice of the right simulation technique rather depends on the underlying problem, data set, and the aim of the study.
We already mentioned in which areas simulation plays a role. Depending on the area of interest, different techniques are considered. For a Bayesian analysis, the methods differ between general inference statistics using resampling techniques, and when optimization comes into the topic. The methods change completely when interaction of populations or individuals are in focus, or when predictions about the future on an individual level (micro-simulation) are required.
However, some general questions may ...
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