Determining prior distributions for correlated parameters | Vose Software

Determining prior distributions for correlated parameters


Situation: you have information that allows you to quantify a level of correlation between your prior distributions. The following flow diagram guides you through the various options:

 

See Also

 

ModelRisk

Monte Carlo simulation in Excel. Learn more

Spreadsheet risk analysis modeling

Tamara

Adding risk and uncertainty to your project schedule. Learn more

Project risk analysis

Navigation

Enterprise Risk Management software (ERM)

Learn more about our enterprise risk analysis management software tool, Pelican

Enterprise risk management software introduction