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Microsimulation of Business Performance

International Statistical Review, 2000
SummaryMicrosimulation of business performance based on sample survey data is a relatively underdeveloped field, but its application in government economic policy formulation is potentially great since it can be used to measure the distributional effects of change rather than just average change.
Kokic, Philip.   +2 more
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Microsimulation

2017
In previous chapters, the author used Markov models to estimate the burden of disease and the potential impact of interventions. One of the key limitations to Markov models is that they don’t take into account a person’s unique individual characteristics: Markov models are designed to efficiently simulate the average outcome for an entire population ...
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