yayo1984

08-27-2010, 01:53 AM

Hi all,

I am a Masters Student working on a simulation model. As part of model construction I have to assign probability distributions for each parameter to be analyzed in the model. In my model some parameters were given values based on normal probability distributions which was pretty straight foward(clt.jpg). Now I am having an impossible time figuring out which distributions and which associated values (mean,alpha,beta, etc...) to use. I am having these issues probably due to the fact that I have no knowledge of statistics beyond basic probability.

My problem in particular(todo.jpg):

I want the range to be 0 - 1 and values in between should be selected based on a distribution curve like the one I have shown below

From searching on the internet, i think this is a gamma distribution. I am using Excel 2007 and trying to set the 'shape-alpha', 'stretch-beta' parameters in attempts to produce almost exactly this graph. After trying several permutations in excel I have almost given up hope. I tried other distributions as well but I think gamma works best. My choices on distributions are limited because of the simulation tool I am using (Vensim) to

BETA,BINOMIAL,EXPONENTIAL,GAMMA,NEGATIVE BINOMIAL,POISSON,WEIBULL.

Please helpppp me!

Thank you

I am a Masters Student working on a simulation model. As part of model construction I have to assign probability distributions for each parameter to be analyzed in the model. In my model some parameters were given values based on normal probability distributions which was pretty straight foward(clt.jpg). Now I am having an impossible time figuring out which distributions and which associated values (mean,alpha,beta, etc...) to use. I am having these issues probably due to the fact that I have no knowledge of statistics beyond basic probability.

My problem in particular(todo.jpg):

I want the range to be 0 - 1 and values in between should be selected based on a distribution curve like the one I have shown below

From searching on the internet, i think this is a gamma distribution. I am using Excel 2007 and trying to set the 'shape-alpha', 'stretch-beta' parameters in attempts to produce almost exactly this graph. After trying several permutations in excel I have almost given up hope. I tried other distributions as well but I think gamma works best. My choices on distributions are limited because of the simulation tool I am using (Vensim) to

BETA,BINOMIAL,EXPONENTIAL,GAMMA,NEGATIVE BINOMIAL,POISSON,WEIBULL.

Please helpppp me!

Thank you