There is an increasing use of Markov chain Monte Carlo (MCMC) algorithms for fitting statistical models in psychometrics, especially in situations where the traditional estimation techniques are very ...

Identity-By-Descent (IBD) is a general measurement of the relationship between two groups of genes. If the two groups consist of two homologous genes, one from each individual, the IBD is called the ...

The Monte Carlo method is a type of algorithm that reveals a distribution by randomly sampling its elements again and again. For example, say there are 40 red marbles, 20 green marbles, 25 orange ...

The recently published book by Senior Researcher Vesa Apaja from the Department of Physics at the University of Jyväskylä ...

There are two flavors of QMC, (a) variational Monte Carlo (VMC) and (b) projector Monte Carlo (PMC). VMC starts by proposing a functional form for the wavefunction and then optimizes the parameters of ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Monte Carlo integration - the process of numerically ...