Harenberg, Daniel; Marelli, Stefano; Sudret, Bruno; … - In: Quantitative economics : QE ; journal of the … 10 (2019) 1, pp. 1-41
We present a global sensitivity analysis that quantifies the impact of parameter uncertainty on model outcomes. Specifically, we propose variance‐decomposition‐based Sobol' indices to establish an importance ranking of parameters and univariate effects to determine the direction of their...