Computes summary statistics for Monte Carlo simulation results, including the mean estimate, standard error (SE), and confidence intervals (CIs).
summarize_mc_ci(mc_result, alpha = 0.05)A data frame with one row per parameter and the following columns:
The name of the parameter.
The average estimate across all Monte Carlo replications.
The standard deviation of the estimates (standard error).
The lower bound of the confidence interval.
The upper bound of the confidence interval.
A data frame where each column corresponds to a parameter, and each row represents one Monte Carlo replication of that parameter's estimate.
Numeric. Significance level used to compute the (1 - alpha) confidence interval. Default is 0.05 for a 95% confidence interval.