  Activities in data analysis and numerical simulation of gravitational waves
have to date largely proceeded independently. In this work we study how
waveforms obtained from numerical simulations could be effectively used within
the data analysis effort to search for gravitational waves from black hole
binaries. We propose measures to quantify the accuracy of numerical waveforms
for the purpose of data analysis and study how sensitive the analysis is to
errors in the waveforms. We estimate that ~100 templates (and ~10 simulations
with different mass ratios) are needed to detect waves from non-spinning binary
black holes with total masses in the range 100 Msun < M < 400 Msun using
initial LIGO. Of course, many more simulation runs will be needed to confirm
that the correct physics is captured in the numerical evolutions. From this
perspective, we also discuss sources of systematic errors in numerical waveform
extraction and provide order of magnitude estimates for the computational cost
of simulations that could be used to estimate the cost of parameter space
surveys. Finally, we discuss what information from near-future numerical
simulations of compact binary systems would be most useful for enhancing the
detectability of such events with contemporary gravitational wave detectors and
emphasize the role of numerical simulations for the interpretation of eventual
gravitational-wave observations.
