Monte Carlo Simulation (MCS) using R
In this course, you will learn to generate Continuous, Discrete and Categorical Data (Xs) Using Statistical Distributions, create transfer functions, and use R software to program probabilistic simulations, often called Monte Carlo simulations.
Overview
In this course, you will learn to generate Continuous, Discrete and Categorical Data (Xs) Using Statistical Distributions, create transfer functions, and use R software to program probabilistic simulations, often called Monte Carlo simulations.
What You Will Learn!
– Introduce Variability into models
– Use distributions
– Repeat calculations using replicate() and for() functions
– Writing functions in R