10 questions linked to/from When to use simulations?
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### What is the meaning of generating data from a probabilistic model such as a naive bayes classifier?

I am studying probabilistic modeling but I am stuck with the concept of generating data from the probabilistic model. Say I have built a naive bayes classification model, what is the point of ...
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### What are some important uses of random number generation in computational statistics?

How and why are random number generators (RNGs) important in computational statistics? I understand that randomness is important when choosing samples for many statistical tests to avoid bias towards ...
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### Predicting future values with a regression model

I have a set of predictor variables and a target variable. I am really confused with regards to what method to use for forecasting the target variable. For example, my data set has monthly customer ...
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### Method for constructing large data set from smaller data set?

Is there a method for creating a large data set from a smaller one? I have a data set of anthropometric variables (e.g. stature, leg length, arm length and so on) So I have 7 variables and 1774 ...
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### Estimating variance of a function of multiple random variables?

What are some strategies for estimating the variance of a statistic that is an arbitrary function of multiple random variables? I am familiar with the Delta method which uses asymptotics to estimate ...
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### Should I find this big parameter suspicious?

I have some kind of disagreement with a groupmate. We have some data, and we have to fit a loglogistic distribution. Our highest data point is less than 14,000,000. The average of our data is 231,316....
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### Are all simulation methods some form of Monte Carlo?

Is there a simulation method that is not Monte Carlo? All simulation methods involve substituting random numbers into the function to find a range of values for the function. So are all simulation ...
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### Explaining to laypeople why bootstrapping works

I recently used bootstrapping to estimate confidence intervals for a project. Someone who doesn't know much about statistics recently asked me to explain why bootstrapping works, i.e., why is it that ...