SPE Computer Applications · 1994 · 37 citations · 4 references
BusinessComputer ScienceStatistical ModelingStatisticsStochastic ModelingBayesian ModelingBayesian StatisticsMonte Carlo MethodsMonte Carlo SimulationSimulation MethodsSimulation ModelingBayesian Inference For Random FieldsMonte Carlo AnalysisMonte Carlo EstimationMonte Carlo Parameter EstimationMonte Carlo Simulation ModelingSimulation DesignSummary Statistics
Summary This paper demonstrates how to incorporate historical data into Monte Carlo simulations, describes how the parameters are distributed, and quantifies dependencies among them. It also shows the effect of ignoring dependency and presents summary statistics on field data.
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