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To quantify uncertainty, there are several methods. We look at three of them: the analytical method, simulation, and bootstrap. With the analytical method, we calculate confidence intervals using formulas. However, this approach quickly reaches its limits and is therefore only suitable for simple cases. With simulation and bootstrap, we learn two methods that are well suited for more complex calculations.

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Uncertainty

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  • 发表日期：

    2026年

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  • Benjamin E. Schlegel

摘要

To quantify uncertainty, there are several methods. We look at three of them: the analytical method, simulation, and bootstrap. With the analytical method, we calculate confidence intervals using formulas. However, this approach quickly reaches its limits and is therefore only suitable for simple cases. With simulation and bootstrap, we learn two methods that are well suited for more complex calculations.