mcerp3 1.0.3
Real-time latin-hypercube-sampling-based Monte Carlo Error Propagation
License: BSD License
Keywords: monte carlo,latin hypercube,sampling calculator,error propagation,uncertainty,risk analysis,error,real-time

================================
``mcerp3`` Package Documentation
================================

Overview
========

``mcerp3`` is a stochastic calculator for `Monte Carlo methods`_ that uses 
`latin-hypercube sampling`_ to perform non-order specific 
`error propagation`_ (or uncertainty analysis). 

With this package you can **easily** and **transparently** track the effects
of uncertainty through mathematical calculations. Advanced mathematical 
functions, similar to those in the standard `math`_ module, and statistical
functions like those in the `scipy.stats`_ module, can also be evaluated 
directly.

If you are familiar with Excel-based risk analysis programs like *@Risk*, 
*Crystal Ball*, *ModelRisk*, etc., this package **will work wonders** for you
(and probably even be faster!) and give you more modelling flexibility with 
the powerful Python language. This package also *doesn't cost a penny*, 
compared to those commercial packages which cost *thousands of dollars* for a 
single-seat license. Feel free to copy and redistribute this package as much 
as you desire!

What's New In This Release
==========================

- this is a Python 3 release of the mcerp package by Abraham Lee

- available via ``conda`` or ``pip``

- officially adds the 3-clause BSD licesnse text to the software
  (this license has been specified in the mcerp PyPI package for years)  

- supports SciPy >= 1.0 by removing the scipy.stats.signaltonoise function

Main Features
=============

1. **Transparent calculations**. **No or little modification** to existing 
   code required.

2. Basic `NumPy`_ support without modification. (I haven't done extensive 
   testing, so please let me know if you encounter bugs.)

3. Advanced mathematical functions supported through the ``mcerp.umath`` 
   sub-module. If you think a function is in there, it probably is. If it 
   isn't, please request it!

4. **Easy statistical distribution constructors**. The location, scale, 
   and shape parameters follow the notation in the respective Wikipedia 
   articles and other relevant web pages.

5. **Correlation enforcement** and variable sample visualization capabilities.

6. **Probability calculations** using conventional comparison operators.

7. Advanced Scipy **statistical function compatibility** with package 
   functions. Depending on your version of Scipy, some functions might not
   work.

8. Python 3 support

Installation
============

How to install
--------------

Effort has been made to ensure ``mcerp3`` is easy to install.

#. From the command-line, do one of the following:

   a. Install the `conda package`_::

       $ conda install mcerp3 -c freemapa

   b. Install the `PyPI package`_::

       $ pip install mcerp3

The `source code`_ is also freely available, in case you would like to
incorporate it directly into your project. However, when possible, it is
usually easier to let your package manager handle things for you.

Required Packages
-----------------

The following packages are required, but should be installed automatically
(if using ``conda`` or ``pip``). Otherwise, they may need to be installed
manually:

- `NumPy`_ : Numeric Python
- `SciPy`_ : Scientific Python
- `Matplotlib`_ : Python plotting library

See also
========

- `uncertainties`_ : First-order error propagation
- `soerp`_ : Second-order error propagation

Contact
=======

Bugs should be reported on the `GitHub issues`_ page. Python 3 related
requests can be sent to `Paul Freeman`_. Other issues should be referred to
the original author, `Abraham Lee`_.



.. _Monte Carlo methods: http://en.wikipedia.org/wiki/Monte_Carlo_method
.. _latin-hypercube sampling: http://en.wikipedia.org/wiki/Latin_hypercube_sampling
.. _soerp: http://pypi.python.org/pypi/soerp
.. _error propagation: http://en.wikipedia.org/wiki/Propagation_of_uncertainty
.. _math: http://docs.python.org/library/math.html
.. _NumPy: http://www.numpy.org/
.. _SciPy: http://scipy.org
.. _Matplotlib: http://matplotlib.org/
.. _scipy.stats: http://docs.scipy.org/doc/scipy/reference/stats.html
.. _uncertainties: http://pypi.python.org/pypi/uncertainties
.. _source code: https://github.com/paul-freeman/mcerp
.. _Abraham Lee: mailto:tisimst@gmail.com
.. _Paul Freeman: mailto:paul.freeman.cs@gmail.com
.. _package documentation: http://pythonhosted.org/mcerp3
.. _GitHub: http://github.com/paul-freeman/mcerp
.. _GitHub issues: http://github.com/paul-freeman/mcerp/issues
.. _conda package: https://anaconda.org/freemapa/mcerp3
.. _PyPI package: https://pypi.org/project/mcerp3/