1990 | OriginalPaper | Buchkapitel
Simulation Models
verfasst von : Irma Adelman
Erschienen in: Econometrics
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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To clarify the concept of simulation requires placing simulation models in the context of available modelling approaches. One can distinguish models by their structure, size, complexity, purpose, solution technique and probabilistic specification. Generally, the purpose for which a model is specified, the state of knowledge in the area, and the relative importance of indirect effects should guide model specification (Robinson, 1987).