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 modeling positive, right-skewed amounts such as claim sizes and loss severities, the timing of market events, and service times in operations.

To apply Monte Carlo simulations to the inputs/outputs of your model, 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 Monte Carlo output.

View demo for Normal distribution

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