Generation of Dependent Random Variates with Given Marginal Distributions and Fractile Correlation Structure
Paul Fackler () and
Robert King ()
No 270406, 1988 Annual Meeting, August 1-3, Knoxville, Tennessee from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
A method is developed to generate dependent pseudorandom variates with specified marginal distributions and correlation matrix which makes use of the fractile correlation rather than the usual cross product moment correlation. An example concerning crop yields illustrates how the parameters used by the method can be estimated from historical data.
Keywords: Agricultural and Food Policy; Research Methods/ Statistical Methods (search for similar items in EconPapers)
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