What is Stat Fit?

General discussion and questions about project risk management and risk analysis software RiskyProject. Includes discussion on how to perform efficient project risk analysis using our software.

Moderator: Intaver Support

Post Reply
MTC465
Posts: 11
Joined: Tue Jun 06, 2006 1:57 am
Location: USA

What is Stat Fit?

Post by MTC465 » Fri Sep 21, 2018 1:20 pm

We have seen message “You do not have “Stat Fit”. What does Stay Fit do?

Intaver Support
Posts: 992
Joined: Wed Nov 09, 2005 9:55 am

Re: What is Stat Fit?

Post by Intaver Support » Fri Sep 21, 2018 1:28 pm

StatFit is a 3rd party software tool that RiskyProject integrates with to that allows users to generate custom distributions to “fit” statistical data. So if you have run a particular activity x number of times and have the results, you can use Stat Fit to create or fit your data to a statistical distribution that can then be used during Monte Carlo simulations.

Image

you can download Statit from http://www.geerms.com/
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com

Post Reply