Cornell Professor Takes Nate Silver Analysis of U.S. Senate Midterms a Step Further using Monte Carlo Simulation – Palisade
Cornell Professor Takes Nate Silver Analysis of U.S. Senate Midterms a Step Further using Monte Carlo Simulation – Palisade
5 PagesCustomers & Industries: Johnson Graduate School of Management, Cornell University Industry: Academic, Government Product(s): @RISK Application: Election Forecasting Summary Lawrence W. Robinson, Professor of Operations Management at Cornell University’s Johnson Graduate School of Management took Nate Silver's US Senate prediction one step further by adding Monte Carlo simulation to the mix. @RISK Home Customers & Industries Johnson Graduate School of Management, Cornell University It would be discouragingly cumbersome to run these simulations without @RISK, even in the simple cases of 0% and 100% correlation. Moreover, it would be essentially impossible to calculate the probabilities for intermediate levels of correlation. @RISK allowed me to show my MBA students how useful Monte Carlo sim
