Monday, December 15, 2014

Probability Distributions in GoldSim

Posted by Nick Martin

GoldSim uses probability distributions for model inputs and to present results. Different types of probability distributions can be used for inputs and results. Occasionally, GoldSim users have questions about the various types of probability distributions in GoldSim and about how distributions are calculated in GoldSim. In particular, questions often come up about how GoldSim calculates probability distributions for Monte Carlo simulation results. An algorithm is built into GoldSim which determines whether to represent, and calculate, a Monte Carlo simulation result with a discrete or continuous distribution. A Knowledge Base article was recently created which provides details of this algorithm and provides additional information about the categories of distributions used in GoldSim.

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