Error: Undefined function 'gevrnd' for input arguments of type 'double'

Question

I am a beginner for Matlab. Undefined function 'gevrnd' for input arguments of type 'double'.

eps_type1_not_buy = gevrnd(0, 1, 0, num_obs, 1); I can't figure out how to solve this at all. My code is below. While using "gevrnd", the following error occurred. num_obs = 600000

Undefined function 'gevrnd' for input arguments of type 'double'.

Answer 1

I think it's because you are using a too-low version of Matlab. I tried your code in version 2022b and it doesn't have any problem. This is example