R is an open-source programming language and environment with powerful and extensive features for data analysis, data visualization, and statistical computing. Although R first appeared in the 1990s, ...

The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.

When conducting surveys, two kinds of nonresponse may cause incomplete data files: unit nonresponse (complete nonresponse) and item nonresponse (partial nonresponse). The selectivity of the unit ...

Computer simulations of genetic polymorphisms complement analytical approaches for investigating complex evolutionary, epidemiological and ecological scenarios for both applied and theoretical ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J Catalano is a CFP and Registered ...