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Optimal simulation lengths for various algorithms computing the mean

โœ Scribed by Monique Becker; Pierre Becker

Publisher
Elsevier Science
Year
1978
Tongue
English
Weight
655 KB
Volume
20
Category
Article
ISSN
0378-4754

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โœฆ Synopsis

The importance of truncation errors made by the computer is emphasized.

A precise calculation of the bias for various algorithms of means computation leads us to the notion of optimal precision and optimal simulation length. It is proved that it is wrong to assume that the precision improves when the simulation length is increasing. The choice of a convenient algorithm and the choice of the simulation length appear to be most important.

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