Distributional Fitting and Goodness-of-Fit Tests

  • By Admin
  • October 28, 2014
  • Comments Off on Distributional Fitting and Goodness-of-Fit Tests

Several statistical tests exist for deciding if a sample set of data comes from a specific distribution. The most commonly used are the Kolmogorov-Smirnov test and the Chi-Square test. Each … Continue Reading →

Distributional Fitting

  • By Admin
  • October 28, 2014
  • Comments Off on Distributional Fitting

Theory Another powerful simulation tool is distributional fitting; that is, which distribution does an analyst or engineer use for a particular input variable in a model? What are the relevant … Continue Reading →

Distributional Analysis Tool

  • By Admin
  • October 28, 2014
  • Comments Off on Distributional Analysis Tool

The distributional analysis tool is a statistical probability tool in Risk Simulator that is rather useful in a variety of settings. It can be used to compute the probability density … Continue Reading →

Percentile Distributional Fitting Tool

  • By Admin
  • October 21, 2014
  • Comments Off on Percentile Distributional Fitting Tool

The Percentile Distributional Fitting tool (Figure 1) is an alternate way of finding and fitting the appropriate probability distributions to use in a simulation. There are several related tools and … Continue Reading →

Distribution Charts and Tables: Probability Distribution Tool

  • By Admin
  • October 21, 2014
  • Comments Off on Distribution Charts and Tables: Probability Distribution Tool

Distributional Charts and Tables is a Probability Distribution tool that is a very powerful and fast module used for generating distribution charts and tables (Figures 1 through 4). Note that … Continue Reading →

Data Diagnostic

  • By Admin
  • October 21, 2014
  • Comments Off on Data Diagnostic

The regression and forecasting diagnostic tool is the advanced analytical tool in Risk Simulator used to determine the econometric properties of your data. The diagnostics include checking the data for … Continue Reading →

Statistical Analysis Tool

  • By Admin
  • October 15, 2014
  • Comments Off on Statistical Analysis Tool

Another very powerful tool in Risk Simulator is the Statistical Analysis tool, which determines the statistical properties of the data. The diagnostics run include checking the data for various statistical … Continue Reading →

Tornado and Static Sensitivity

  • By Admin
  • October 15, 2014
  • Comments Off on Tornado and Static Sensitivity

Theory One of the powerful simulation tools available in Risk Simulator is tornado analysis––it captures the static impacts of each variable on the outcome of the model; that is, the … Continue Reading →

Dynamic Sensitivity Analysis

  • By Admin
  • October 15, 2014
  • Comments Off on Dynamic Sensitivity Analysis

Theory A powerful feature in Risk Simulator is sensitivity analysis. While tornado analysis (tornado charts and spider charts) applies static perturbations before a simulation run, sensitivity analysis applies dynamic perturbations … Continue Reading →

Scenario Analysis Tool

  • By Admin
  • October 8, 2014
  • Comments Off on Scenario Analysis Tool

The scenario analysis tool in Risk Simulator allows you to run multiple scenarios quickly and effortlessly by changing one or two input parameters to determine the output of a variable. … Continue Reading →