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The '''control variates''' method is a [[variance reduction]] technique used in [[Monte Carlo methods]]. It exploits information about the errors in estimates of known quantities to reduce the error of an estimate of an unknown quantity.<ref>Glasserman, P. (2004). Monte Carlo Methods in Financial Engineering (Stochastic Modelling and Applied Probability) (1 ed.). New York: Springer., p. 185.</ref>
==Underlying Principle==
:* [[Variance reduction]]
:* [[Antithetic variates]]
==Notes==
<references/>
==References==
* Ross, Sheldon M. ''Simulation'' 3rd edition ISBN 9780125980531

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