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Using an Excel Extension for Selecting the Probability Distribution of Empirical Data

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Author(s): Abbas Heiat

Journal: Spreadsheets in Education
ISSN 1448-6156

Volume: 2;
Issue: 1;
Start page: 95;
Date: 2005;
Original page

Keywords: Fitting Probability Distributions | Goodness-Of-Fit Tests | Crystal Ball Excel Add-in

ABSTRACT
Teaching the steps required for determining the probability distributions of uncertain variables using empirical data is an important part of quantitative and decision analysis courses in business and economics. This paper introduces the concept of distribution fitting of empirical data through and example using an Excel add-in tool.
RPA Switzerland

RPA Switzerland

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Tango Jona
Tangokurs Rapperswil-Jona