This study reviews performance criteria adequate to validate simulation models through the comparison of two quantitative data sets, concerning historical and simulated data. The criteria reviewed were organized according to its characteristics into the groups: error‐based measures, information theory measures, information criteria, parametric tests, non‐parametric tests, distance‐based measures and combined measures. Each criterion is reviewed through its mathematic definition, its applications in literature and the identification of its advantages and drawbacks. The features assessed by each criterion are identified and discussed. This study provides a concise outline over the criteria reviewed, which can be used as a guide to help developers of simulation models into the decision on the most appropriate criteria to validate their models.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.