Variance-reduction techniques - Control Variates
3 important questions on Variance-reduction techniques - Control Variates
What is the idea of Control Variates?
use auxiliary random variable with known mean to adjust (control) the estimate of an unknown mean on the basis of correlation
What are the pratical problems in the control variates method?
* Var(y) may or may not be known
* Cov(X,Y) certainly not known
* Cov(X,Y) certainly not known
What are types of control variates?
* Internal: input random variates
* External: Output random variates, requires additional simulatons
* Multiple estimators for same output
* External: Output random variates, requires additional simulatons
* Multiple estimators for same output
Try our study magic for free
a PDF, study it super fast
- No sign up, email or credit card needed!
- AI makes unlimited flashcards
- Get unlimited quizzes and tests
- Ask AI anything
Create a notebook
- No sign up, email or credit card needed!
- Have and keep perfect overview
- Make flashcards, notes and mind maps
- Review, test and score!
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
