... problem. Design/methodology/approach By Monte‐Carlo method, taking a linear regression model with intercept of 3, slope of 4 as an example, whose random error in standard normal distribution, to test whether parameter estimators are biased and how about the average relative error of estimator of slope...

...(z_t|xˆ_t^{i), and we have: Equation 8 Dongqing Zhang can be contacted at: hollycase@sina.com © Emerald Group Publishing Limited 2009 Cybernetics Probability theory Markov processes Monte Carlo methods Time series analysis}...

... improvement in accuracy over the conventional Monte Carlo method. Practical implications Numerical tests are performed in order to show the efficiency and accuracy of the present paper. Numerical experiments show that an excellent estimation on the solution can be obtained within a couple of minutes CPU...