Abstract. In this blog, we provide a comparison between simulation-based and conventional statistical methods, examining their respective principles, applications, strengths, and weaknesses. We provide a simple real-life example to illustrate similarities and...
![Statistical Methods – The Conventional Approach vs. The Simulation-based Approach](https://www.biopharmaservices.com/wp-content/uploads/2024/07/Statistical-Methods-The-Conventional-Approach-vs.-The-Simulation-based-Approach-blog-image-1080x675.png)