Negative Binomial

Discrete distribution for trials until a specified number of failures occur.

Parameters

Probability: Probability of success.

Shape: Shape of the distribution

Applications

Applied in modeling how many attempts it takes to reach a target, such as pitches to win a set number of mandates, and claim or default counts that vary more than a Poisson.

To apply Monte Carlo simulations to the inputs/outputs of your model, see the Scenarios - Monte Carlo module.

Negative Binomial

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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