Why is estimation methods used in simulation? Explain.
Marks: 5Chapter: Unit 7. Analysis of Simulation Output
Comprehensive questions and detailed answers for Unit 7. Analysis of Simulation Output. Perfect for exam preparation and concept clarity.
Why is estimation methods used in simulation? Explain.
Explain the importance of elimination of initial bias during simulation.
Why Confidence interval is needed in the analysis of simulation output. How can we establish a confidence interval?
Write short notes:
a. Hypothesis testing
b. Stationary Poisson Process
Explain different estimation methods which are used in simulation output analysis.