Pareto
Continuous distribution for modeling inequality.
Parameters
Location: Minimum value of the distribution.
Shape: Shape of the distribution.
Applications
Applied in modeling income or wealth distributions, analyzing top customers contributing most revenue, and assessing risk of large insurance claims.
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.
View demo for Normal distribution
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