2 ms·
Plenty of computing power 15 years ago for bootstrapping (simulation-based estimation of uncertainty for an analytically estimated model), today plenty for the
by stdbrouw 4y ago
Plenty of computing power 15 years ago for bootstrapping (simulation-based estimation of uncertainty for an analytically estimated model), today plenty for the entire model itself (Bayesian MCMC, frequentist optimization-based methods)
- CrazyStat 4y agoIf you read the original 1979 bootstrap paper, one of the delightful things about it is that it discusses the computational cost (literally, in dollars) to rent time for the procedure on a shared mainframe.