In my last post, I introduced you to the game-changing concept of flexible distributions. If you haven’t read it yet, do yourself a favour and check it out here: You don’t need to worry about which distribution to use any more. With flexible distributions, available on MakeDistribution, the distribution molds itself to fit your data… Continue reading Flexible distribution is better than Triangular or PERT, project managers and cyber risk beware
Tag: flexible distributions
You don’t need to worry about which distribution to use any more
Let’s face it – one of the biggest excuses risk managers use to avoid quantitative analysis is the paralysis that comes from choosing the “right” probability distribution. The selection options in ModelRisk can make your head spin: Overwhelming, right? And that’s just one tool. The @RISK plugin also has over 90 distribution functions! It’s like being… Continue reading You don’t need to worry about which distribution to use any more
