Search icon CANCEL
Arrow left icon
Explore Products
Best Sellers
New Releases
Books
Videos
Audiobooks
Learning Hub
Conferences
Free Learning
Arrow right icon
Arrow up icon
GO TO TOP
Hands-On Simulation Modeling with Python

You're reading from   Hands-On Simulation Modeling with Python Develop simulation models to get accurate results and enhance decision-making processes

Arrow left icon
Product type Paperback
Published in Jul 2020
Publisher Packt
ISBN-13 9781838985097
Length 346 pages
Edition 1st Edition
Languages
Arrow right icon
Author (1):
Arrow left icon
Giuseppe Ciaburro Giuseppe Ciaburro
Author Profile Icon Giuseppe Ciaburro
Giuseppe Ciaburro
Arrow right icon
View More author details
Toc

Table of Contents (16) Chapters Close

Preface 1. Section 1: Getting Started with Numerical Simulation
2. Chapter 1: Introducing Simulation Models FREE CHAPTER 3. Chapter 2: Understanding Randomness and Random Numbers 4. Chapter 3: Probability and Data Generation Processes 5. Section 2: Simulation Modeling Algorithms and Techniques
6. Chapter 4: Exploring Monte Carlo Simulations 7. Chapter 5: Simulation-Based Markov Decision Processes 8. Chapter 6: Resampling Methods 9. Chapter 7: Using Simulation to Improve and Optimize Systems 10. Section 3: Real-World Applications
11. Chapter 8: Using Simulation Models for Financial Engineering 12. Chapter 9: Simulating Physical Phenomena Using Neural Networks 13. Chapter 10: Modeling and Simulation for Project Management 14. Chapter 11: What's Next? 15. Other Books You May Enjoy

Explaining permutation tests

When observing a phenomenon belonging to a set of possible results, we ask ourselves what the law of probability is that we can assign to this set. Statistical tests provide a rule that allows us to decide whether to reject a hypothesis based on the sample observations.

Parametric approaches are very uncertain about the experiment plan and the population model. When these assumptions are not respected, particularly when the data law does not conform to the needs of the test, the parametric results are less reliable. When the hypothesis is not based on knowledge of the data distribution and assumptions have not been verified, nonparametric tests are used. Nonparametric tests offer a very important alternative since they need fewer hypotheses.

Permutation tests are a special case of randomization tests that use series of random numbers formulated from statistical inferences. The computing power of modern computers has made their widespread application...

lock icon The rest of the chapter is locked
Register for a free Packt account to unlock a world of extra content!
A free Packt account unlocks extra newsletters, articles, discounted offers, and much more. Start advancing your knowledge today.
Unlock this book and the full library FREE for 7 days
Get unlimited access to 7000+ expert-authored eBooks and videos courses covering every tech area you can think of
Renews at $19.99/month. Cancel anytime