Generation and testing of pseudo-random numbers to be used in the stochastic simulation of econometric models

Giorgio Calzolari, Tito A. Ciriani and Paolo Corsi

MPRA Paper from University Library of Munich, Germany

Abstract: Purpose of this paper is the description of the tecniques used to generate pseudo-random numbers, to be added as disturbance terms to the stochastic structural equations of econometric models. These disturbance terms should have the same statistical properties as the residuals obtained, in each equation, during the estimation phase.

Keywords: Econometric models; random numbers; stochastic simulation (search for similar items in EconPapers)
JEL-codes: C80 C87 C88 (search for similar items in EconPapers)
Date: 1976
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Citations: View citations in EconPapers (4)

Published in IBM Italy Technical Report G513-3544 (1976): pp. 1-42

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