Teaching the steps required for determining the probability distributions of uncertain variables using empirical data is an important part of quantitative and decision analysis courses in business and economics. This paper introduces the concept of distribution fitting of empirical data through and example using an Excel add-in tool.
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Using an Excel Extension for Selecting the Probability Distribution of Empirical Data,
Spreadsheets in Education (eJSiE):
1, Article 5.
Available at: http://epublications.bond.edu.au/ejsie/vol2/iss1/5