I need to draw some random numbers and for some of them I want them to be drawn from the Beta distribution. In McCarl i found how to draw random variables from other distributions such as the binomial, the uniform and the normal. But I did not find any command for drawing random numbers from the Beta distributions.
Hi,
GAMS comes with a stochastic library that allows you draw random numbers from the beta distribution: https://www.gams.com/latest/docs/UG_ExtrinsicFunctions.html#UG_ExtrinsicFunctions_StochasticLibrary
I hope this helps!
Fred