Monte Carlo simulation studies on Python using the sstudy package with SQL databases as storage

27 Apr 2020Marco H A Inácio

Performance assessment is a key issue in the process of proposing new machine learning/statistical estimators. A possible method to complete such task is by using simulation studies, which can be defined as the procedure of estimating and comparing properties (such as predictive power) of estimators (and other statistics) by averaging over many replications given a true distribution; i.e.: generating a dataset, fitting the estimator, calculating and storing the predictive power, and then repeating the procedure many times and finally averaging over the stored predictive powers... (read more)

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