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Improving Information for Social Policy Decisions -- The Uses of Microsimulation Modeling Volume II, Technical Papers (1991) / Chapter Skim
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Pages 298-299

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From page 298...
... Thus, sensitivity analysis methods, especially when augmented with comparison values in an external validation, provide a great deal of data with which to direct efforts at model development as well as to measure model uncertainty. These methods have demonstrated that there is a great deal of uncertainty due to changes in these three modules in TRIM2.
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From page 299...
... The way in which TRIM2 (and most other microsimulation models) is currently configured can make a sensitivity analysis very costly.
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Key Terms

  • sensitivity analysis
  • comparison values
  • microsimulation models
  • variance estimate
  • simulation models

  • urban institute
  • external validation
  • microsimulation model
  • sensitivity analyses
  • model validation

  • simulation model


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