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Focusing on the practical application of computerized simulation studies, this edition guides readers through constructing and analyzing simulations to interpret real-world phenomena. It covers essential techniques for generating random numbers and using them to model stochastic behavior over time. The book emphasizes the importance of statistical methods for analyzing simulated data and validating models, making it a valuable resource for actuaries, engineers, and computer scientists seeking effective solutions across various fields.
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Simulation, Sheldon M. Ross
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- 2022
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