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Elaborate on each type of microsimulation

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Question: Microsimulation has a macro focus and low complexity while having an agent-based modeling with a behavioral focus that often relies on national rules. Janssen, Wimmer, and Deljoo (2015) mentions the following types of microsimulations: Arithmetical microsimulation, Behavioral microsimulation, Static simulation models, and Dynamically aging microsimulation models.

Elaborate on each type of microsimulation. Make sure to provide at least one example for types of microsimulation.

Your research paper should be at least 3 pages (800 words), double-spaced, have at least 4 APA references, and typed in an easy-to-read font in MS Word (other word processors are fine to use but save it in MS Word format).

Reference no: EM132492929

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