New Applications of Computers in Statistical Analysis: Randomized Test and Monte Carlo Method

Abstract

In recent years, computer hardware has become more powerful and more popularized. Software for specialized data processing, such as statistical analysis, is also becoming common as a result of the open-source movement. These changes have made some novel statistical techniques more accessible. Typical examples are the randomized test and the Monte Carlo method, which are now used frequently by some skilled researchers. Among average users, however, the use of such techniques is not common. In the present paper, I present these techniques and the R codes necessary to estimate parameter distribution with the Monte Carlo method.