Webpages tagged with «simulation-estimation»

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Published Oct. 9, 2019 8:58 AM

Conservation efforts and management decisions on the living environment of our planet often rely on imperfect statistical models. Therefore, managers have to brace for the uncertainty associated with the model and study system i.e., set their acceptable risk level, to make some decisions. However, risk estimates themselves can often be biased. In a recent paper published in Nature communications we demonstrate that one can back-calculate the correct value of risk by combining data fitting with an extensive simulation–estimation procedure.