This time, verify not only that the correlation between the two inputs is approximately 0.7, but also
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This time, verify not only that the correlation between the two inputs is approximately 0.7, but also that the shapes of the two input distributions are approximately what they should be: normal for the first and triangular for the second. Do this by creating histograms in Excel. The point is that you can use
@RISK’s RISKCORRMAT function to correlate random numbers from different distributions.
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Related Book For
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright
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