Does Simetar© contain any statistical tests for validating the stochastic variables in the model?
Simetar© contains several menu driven statistical tests for performing validation tests of random variables. In the case of univariate distributions, the Student’s-t test and the F test can be used to test if the simulated mean and variance equal the historical values. In the case of multivariate distributions, the Hotelling T2 Test is available to test if the vector of simulated means equals the vector of historical means. Box’s M Test is available to test if the covariance for the simulated data equals the historical covariance. The Complete Homogeneity Test is available to test if the means vector and covariance are simultaneously equal to their historical counterparts. A Student’s-t test is also available to test if the simulated data have the same correlation matrix as the historical data for a multivariate distribution.
