Application of the Sufficient Empirical Averaging Method in One Statistical Problem Solving
Proceedings of the 13th International Conference on Analytical and Stochastic Modelling Techniques and Applications
2006
Jekaterīna Žukovska
In this article we discuss the new approach to preparing the input data in system simulation, the so called Sufficient Empirical Averaging (SEA) method. It assumes the existence of the complete sufficient statistics for unknown parameters of input variable distributions. The application of this method allows getting unbiased estimates with minimum variance.
Keywords
estimation, complete sufficient statistic, inventory control, optimization
Žukovska, J. Application of the Sufficient Empirical Averaging Method in One Statistical Problem Solving. In: Proceedings of the 13th International Conference on Analytical and Stochastic Modelling Techniques and Applications, Germany, Bonn, 28-31 May, 2006. Bonn: ASMTA 2006, 2006, pp.138-142.
Publication language
English (en)