Wednesday, November 7, 2018

Statistical Analysis of Streamflow Time Series

Posted by Jason Lillywhite

Using GoldSim's built-in probabilistic simulation capabilities, it is straightforward to perform statistical analysis of time series data. An example model was built and added to our library, which demonstrates how Monte Carlo simulation is used to analyze daily time series data of streamflow to produce daily, monthly, and annual statistics. In addition to this, the model finds a best fit probability distribution for these statistics.