Stochastic Simulation: LHS Estimator and Variances Analysis
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Description
This lecture covers the analysis of the LHS estimator and variances in stochastic simulation, focusing on the random shift within the Sox, properties of Alus, and practical ways to estimate errors using independent LHS designs.
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The student who follows this course will get acquainted with computational tools used to analyze systems with uncertainty arising in engineering, physics, chemistry, and economics. Focus will be on s