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.

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MTC465
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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
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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.

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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
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