A recent McKinsey report estimated that 85% of large banks were using historical simulation.

The idea that historical simulation consists of eccentric men playing with toy soldiers does little justice to the modern war game of Kriegspiel.

However, weighted historical simulation still assumes iid asset returns.

Filtered historical simulation is a semi-parametric technique in forecasting VaR.

It's not a historical simulation ... a particular strategy that worked in real life might not be possible.

The question is, What is the difference between a historical simulation and history?

Some conferences still perform historical simulations, however, including League of Nations crisis situations.

Despite its historical setting, the game was designed for a balanced competition between sides, and therefore was not intended to be an accurate historical simulation.

A wacky exercise in historical simulation, the excuse being a new century.

While it is a strategic board game with a historical setting, it is not designed to be a historical simulation.