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We consider the problem of comparing a finite number of stochastic systems with respect to a single system (designated as the "standard") via simulation experiments. The comparison is based on expected performance, and the goal is to determine if any system has larger expected performance than...
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Comparison with a standard is a general multiple comparison problem, where each system is required to be compared to a single system, referred to as a “standard”, as well as to other alternative systems. The goal is to determine the best system among a number of systems that are better than...
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In this paper we present finite T mean and variance correction factors and corresponding response surface regressions for the panel cointegration tests presented in Pedroni (1999, 2004), Westerlund (2005), Larsson et al. (2001), and Breitung (2005). For the single equation tests we consider up...
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This expository paper discusses the relationships among metamodels, simulation models, and problem entities. A … and validating a metamodel. Metamodels may have different goals: (i) understanding, (ii) prediction, (iii) optimization …. Metamodels in general are covered, along with a procedure for developing linear regression (including polynomial) metamodels. …
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