joachimschork.bsky.social
Data Science Education & Consulting Website: https://statisticsglobe.com/ YouTube: youtube.com/@StatisticsGlobe
👤 Joined on 04 December 2024
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@joachimschork.bsky.socialTHIS is my favorite tool, Joachim!!! I continue to very grateful to you and your incredibly helpful website!!! 😎👍
Show Post2. The beauty of simulations is not just showing how a method performs when the required assumptions hold, but also exploring how bad things get (if they do) when the assumptions do not hold to varying degrees.
Show PostWhile I am a big fan of simulations, two points are important to stress IMHO. 1. Results are specific to the DGPs used to simulate the data. Beware of generalizing. So-called “empirical Monte Carlo” is one way to at least tailor it to the data at hand if you have an application.
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