Gamma

Continuous distribution skewed to the right.

Parameters

Location: Minimum value of the distribution.

Shape: Shape of the distribution.

Scale: Scale of the distribution.

Applications

Applied in insurance for modeling claim amounts over time, in finance for timing of market events, and in operations for analyzing service times in queuing systems.

To apply Monte Carlo simulations in your scenario analysis, see the Scenarios - Monte Carlo module.

Gamma

Outputs

Plot: Histogram of the distribution with selected Confidence Interval.

Data: Confidence Intervals, Summary Statistics and Percentiles. See a sample output.

View demo for Normal distribution

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