Simulation

Replete with easy-to-understand examples ranging from the prediction of home runs in baseball using an hierarchical

Bayesian statistics model to estimating the expected return at blackjack using control variables, this text functions as a complete

consideration of simulation. Sheldon Ross provides broad yet thorough coverage of the subject, presenting the development of

a simulation study to analyze models, and demonstrates that by using random variables and the concept of discrete events, i...