IEE 475: Simulating Stochastic Systems artwork

Lecture J4 (2020-11-12): Estimation of Relative Performance

IEE 475: Simulating Stochastic Systems

English - November 14, 2020 03:38
Courses Education simulation stochastic des dess discrete event system industrial engineering modeling Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Lecture J3 (2020-11-10): Estimation of Absolute Performance, Part 3
Next Episode: Lecture K1 (2020-11-17): Variance Reduction Techniques, Part 1 - CRN's and Control Variates

In this lecture, we move from estimation of absolute performance from simulation studies to estimation of relative performance. We start with connecting confidence intervals with linear regression, as an alternative application of one-sample confidence intervals. We review the use of one-sample confidence intervals for relative performance estimation, and then we pivot to discussing the visualization of 2-sample tests with confidence intervals.