Visualizing MonteCarlo Simulation Results: Mean vs Median

Simulation studies are used in a wide range of areas from risk management, to epidemiology, and of course in statistics. The MonteCarlo package provides tools to automatize the design of these kind of simulation studies in R. The user only has to specify the random experiment he or she wants to conduct and to specify … Continue reading Visualizing MonteCarlo Simulation Results: Mean vs Median