10 in 10 Week 8: Design of Simulation

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Uploaded by on May 6, 2011

STATISTICA 10 makes it easier to generate simulated data from a specific distribution with Design Simulation. Now you can find the distribution that best fits the variables, and then use that information, along with the correlation structure of the data, to simulate a specified number of cases. Instead of having to wait to accrue the required data, you can fit theoretical distributions to the observed data, simulate from those distributions, and then draw conclusions based upon the simulation. Additionally, data can be simulated using the correlations of variables. This functionality is extremely useful for "what-if" analyses and is becoming more accepted and adopted in different industries.

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