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 integrate Monte Carlo samples in your scenarios, see the Scenarios - Monte Carlo module.
Outputs
Plot: Histogram of the distribution with selected Confidence Interval.
Data: Confidence Intervals, Summary Statistics and Percentiles. See a sample output.
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