Fit Sample Data
In this example, each of several dozen distribution types will be fit to a set of 25 points defined by the user. You can Copy + Paste from Excel or any text editor into the space predefined for this purpose.
These data could represent almost anything: material costs of manufacturing; prices of a stock; sales revenue; inches of rain in a year, etc. After a fit, the resulting distribution can be used as an input to a simulation or in any other application where a probability distribution is required.
By fitting standard distributions to data, you can accurately describe uncertain factors in your models.