KARAKTERISTIKE STATISTIČKOG MODELIRANJA EKONOMSKIH ZAKONITOSTI
CHARACTERISTICS OF STATISTICAL MODELING OF ECONOMIC LAWS
Author(s): Aleksandar O. Savić, Dalibor KrstićSubject(s): Economy, Business Economy / Management
Published by: Друштво за економска, друштвена и културна научна истраживања – Економист
Keywords: modeling; economic laws; random variables;
Summary/Abstract: The stochastic model (stimulation model, Monte-Carlo model in the imitation aspect) enables the research of a complex system of any type, so that it can also be used in the research of economic laws. The possibility of capturing the nonlinearity, dynamics, stochastic nature of some phenomena, allows to make the stochastic model adequate to reality. The essence of statistical modeling is that the process of functioning of a complex system is imitated by arithmetic and logical operations, in such a sequence of elementary procedures, which is characteristic of the process we model. Imitation of aleatory factors is performed using aleatory numbers
Journal: Економист
- Issue Year: 1/2022
- Issue No: 1
- Page Range: 43-54
- Page Count: 12
- Language: English, Serbian
