Generation and testing of pseudo-random numbers to be used in the stochastic simulation of econometric models

Calzolari, Giorgio and Ciriani, Tito A. and Corsi, Paolo (1976): Generation and testing of pseudo-random numbers to be used in the stochastic simulation of econometric models. Published in: IBM Italy Technical Report No. G513-3544 (June 1976): pp. 1-42.

Abstract

Purpose of this paper is the description of the tecniques used to generate pseudo-random numbers, to be added as disturbance terms to the stochastic structural equations of econometric models. These disturbance terms should have the same statistical properties as the residuals obtained, in each equation, during the estimation phase.

• Item Type: MPRA Paper
• Language: English
• Keywords: Econometric models; random numbers; stochastic simulation
• Subjects: C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C87 - Econometric Software; C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C88 - Other Computer Software; C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C80 - General

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