Lognormal
Continuous distribution skewed to the right.
Parameters
Location: The minimum value of the distribution.
Mean: The arithmetic Mean of the distribution.
Standard Deviation: The Standard Deviation of the distribution.
Applications
Applied in modeling stock prices, asset values and commodity prices that can't fall below zero, and right-skewed variables such as income or project costs.
To apply Monte Carlo simulations to the inputs/outputs of your model, 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 Monte Carlo output.
View demo for Normal distribution
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