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Comparison of Three Methods for Selecting Values of Input Variables in the Analysis of Output from a Computer Code

1979/05/01 by M. D. McKay, Michael D. McKay, R. J. Beckman +2 · 3,161 citations
Decision Sciences · Economics, Econometrics and Finance · Mathematics · #Computer science #Estimator #Financial Risk and Volatility Modeling #Importance sampling #Mathematics #Monte Carlo method #Probability and Risk Models #Sampling (signal processing) #Sampling design #Simple (philosophy) #Simple random sample #Statistical Distribution Estimation and Applications #Statistics #Variance (accounting)

paper · doi:10.1080/00401706.1979.10489755

published in Technometrics 21(2), 239-245 (Taylor & Francis)

openalex publication_date 1979/05/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05

Abstract

Two types of sampling plans are examined as alternatives to simple random sampling in Monte Carlo studies. These plans are shown to be improvements over simple random sampling with respect to variance for a class of estimators which includes the sample mean and the empirical distribution function.

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