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Simulations from a given distribution
Posted: Wed Feb 08, 2017 2:43 am
by Martin475
Hello, from my empirical data I got a distribution that is not normal and I would like to use monte carlo simulations and get random draws from this distribution. Is there anybody who has an idea how to maybe specify this distribution and get some random draws from there?
Re: Simulations from a given distribution
Posted: Wed Feb 08, 2017 7:21 am
by startz
Number your empirical observations 1 through n. Draw a random integer i that's equally likely 1 through n. Then use the ith observation as a draw from your distribution.
Re: Simulations from a given distribution
Posted: Wed Feb 08, 2017 6:10 pm
by EViews Glenn
Are the empirical data in series form or do you only have the discrete distribution?