Mohamed R. Abonazel
Associate Professor of Applied Statistics and Econometrics at Cairo University
5 Dr. Ahmed Zewail Street, Postal Code: 12613, Orman, Giza, Egypt (email)
A Practical Guide for Creating Monte Carlo Simulation Studies Using R
in
- Citation:
- Abonazel, M. R., "A Practical Guide for Creating Monte Carlo Simulation Studies Using R", International Journal of Mathematics and Computational Science, vol. 4, issue 1, pp. 18-33, 2018.
Abstract:
This paper considers making Monte Carlo simulation studies using R language. Monte Carlo simulation techniques are very
commonly used in many statistical and econometric studies by many researchers. So, we propose a new algorithm that
provides researchers with basics and advanced skills about how to create their R-codes and then achieve their simulation
studies. Our algorithm is a general and suitable for creating any simulation study in statistical and econometric models.
Moreover, we provide some empirical examples in econometrics as applications on this algorithm.