Formulas for the variance of the sample mean in finite state Markov processes

Gordon B. Hazen, A. Alan, B. Pritsker

Research output: Contribution to journalConference articlepeer-review

Abstract

Formulas are derived for the variance of sample means associated with finite state Markov processes. Results are presented to illustrate the use of the formulas for example processes. The formulas can be used to evaluate proposed statistical methods for estimating the variance of a sample mean obtained from simulation experiments.

Original languageEnglish (US)
Pages (from-to)168-174
Number of pages7
JournalProceedings - Winter Simulation Conference
Volume1
StatePublished - Dec 5 1977
Event9th Winter Simulation Conference, WSC 1977 - Gaitherburg, United States
Duration: Dec 5 1977Dec 7 1977

ASJC Scopus subject areas

  • Software
  • Modeling and Simulation
  • Computer Science Applications

Fingerprint Dive into the research topics of 'Formulas for the variance of the sample mean in finite state Markov processes'. Together they form a unique fingerprint.

Cite this