by Claudia Hermeling and Tim Mennel
- This paper formalizes deterministic and stochastic methods used for sensitivity analysis. Moreover, it presents the numerical algorithms to apply the methods, in particular, an improved version of a Gauss-Quadrature algorithm, applicable to one as well as multidimensional sensitivity analysis. The advantages and disadvantages of different methods and algorithms are discussed as well as their applicability.
Hermeling, C. and T. Mennel (2008). "Sensitivity Analysis in Economic Simulations - A Systematic Approach." ZEW Discussion Paper No. 08-068, Sept 2008.
