Geometric
Discrete distribution for trials until first success.
Parameters
Probability: Probability of success.
Applications
Applied in modeling number of attempts until first success in sales, estimating time until first customer purchase, and analyzing probability of first default.
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.
Learn the basics in 5 minutes with our Quick start guide. To make the most of Fontics, check out our Tips & tricks.