2013
DOI: 10.2478/mms-2013-0022
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Estimation of Random Variable Distribution Parameters by the Monte Carlo Method

Abstract: The paper is concerned with issues of the estimation of random variable distribution parameters by the Monte Carlo method. Such quantities can correspond to statistical parameters computed based on the data obtained in typical measurement situations. The subject of the research is the mean, the mean square and the variance of random variables with uniform, Gaussian, Student, Simpson, trapezoidal, exponential, gamma and arcsine distributions.

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Cited by 6 publications
(5 citation statements)
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“…The method helps to solve deterministic and probabilistic tasks by many times repeated random experiments on the input data sample. The method was dealt with by many authors, the works of Knežo, Raychaudhuri, Kuselman et al, Petrík and Blaško, and Sienkowski were used in the paper [33][34][35][36].…”
Section: Monte Carlo Methodsmentioning
confidence: 99%
“…The method helps to solve deterministic and probabilistic tasks by many times repeated random experiments on the input data sample. The method was dealt with by many authors, the works of Knežo, Raychaudhuri, Kuselman et al, Petrík and Blaško, and Sienkowski were used in the paper [33][34][35][36].…”
Section: Monte Carlo Methodsmentioning
confidence: 99%
“…The Monte Carlo method was used for the evaluation of the stability of used model, i. e. how will the value of the fluidity, calculated by equation ( 1) change, if the input data will be given in the form of interval and the experiment would be repeated several times. Sienkowski [16] describes the Monte Carlo method or probability simulation as a technique used to understand the impact of risk and uncertainty in forecasting models. The key feature of a Monte Carlo simulation is that it can tell youbased on how you create the ranges of estimates -how likely the resulting outcomes are.…”
Section: Methodsmentioning
confidence: 99%
“…Sienkowski [27] describes the Monte Carlo method or probability simulation as a technique used to understand the effects of risks and uncertainties in forecasting models. The main feature of a Monte Carlo simulation is that, depending on how one specifies the ranges of estimates, it can tell how likely the resulting outcomes are.…”
Section: %Av =mentioning
confidence: 99%