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Analyzing Long-Term University Enrollment Dynamics Using A Monte Carlo Method |
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| รหัสดีโอไอ | |
| Creator | Michael Quinn |
| Title | Analyzing Long-Term University Enrollment Dynamics Using A Monte Carlo Method |
| Publisher | Asian Forum on Business Education (AFBE) |
| Publication Year | 2556 |
| Journal Title | AFBE Journal |
| Journal Vol. | 6 |
| Journal No. | 1 |
| Page no. | 20 |
| Keyword | Higher Education management,Monte Carlo,forecasting,R,strategy |
| ISSN | 2071-7873 |
| Abstract | The Monte Carlo method is a powerful computational tool for estimating systems of mathematical equations that might be difficult to solve analytically. Since the enrollment dynamic of a university can be modeled with a small number of relatively simple equations, the Monte Carlo can be used as an approximate solver. This process is deterministic, making this method suitable for long-term forecasting only as long as the model's parameters are assumed to be constant over long horizons. Additional tests of the simulated enrolment data are also included, as they illustrate fundamental relationships existing among the variables in the model. |
