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Example for types of microsimulation

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Reference no: EM132748418

As noted by Janssen, Wimmer, and Deljoo (2015), microsimulation has a macro focus and low complexity while having an agent-based modeling with a behavioral focus that often relies on national rules. Janssen, Wimmer, and Deljoo (2015) mentions the following types of microsimulations: Arithmetical microsimulation, Behavioral microsimulation, Static simulation models, and Dynamically aging microsimulation models.

Elaborate on each type of microsimulation. Make sure to provide at least one example for types of microsimulation.

Reference no: EM132748418

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