Computational Requirements in Simulation Studies
Extent of Simulation | Compared Methods | # of Iterations | # of Simulated Future Values per Iteration |
---|---|---|---|
Comprehensive | H, HK, and HK1 | 10,000 | Not applicable (closed formula) |
Limited | H and HK1 | 100 | Not applicable (closed formula) |
GPQ | 100 | 10,000 | |
BayesPP | 100 | 20,000 (from the pooled 4 MCMC chains of 5,000 each) |