Good day,
What is the maximum number of ensembles to run for GIVE?
Thanks,
Peter
Hi Peter,
Do you mean the maximum number of Monte Carlo simulation runs you can run for GIVE? If so, there’s no maximum there, you may run as many as you like, constrained by your computational time and memory requirements as we have not yet built in any advanced parallel programming. Generally a check of the standard errors will help you decide how many runs you need to do if you are focused on the expected values, while perhaps a tail behavior analysis would encourage a higher number of runs. In our standard analysis (eg. Rennert et al.) we use n = 10,000.
Lisa
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