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Solve a wide range of business problems dealing with uncertainty using EasyFit as a stand-alone application or with Excel.
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Distribution Fitting Applications

Distribution fitting is successfully used to solve typical problems arising in many industries such as actuarial science and insurance, risk analysis, investment, market research, business and economic research, customer support, mining, reliability engineering, chemical engineering, hydrology, and other fields.

All the examples given below are based on real world data, and show how business analysts, researchers and engineers can apply probability distributions to address their specific data analysis needs.

Reliability Engineering :: Reliability Analysis

One of the most important uses of probability distributions is in reliability engineering where they are applied to model reliability of mechanical systems. In this example, we show how EasyFit can be used to develop survival models based on lifetime data available, and apply these models to estimate the failure rate of technical devices.
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Hydrologic Design :: Flood Frequency Analysis

The flood frequency analysis is the basis for hydrologic and hydraulic design of hydraulic structures. In this example, we carry out the probabilistic modelling of flood flow records of the Feather River at Oroville, CA.
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Chemical Engineering :: Chemical Yield Analysis

In this example, we consider a chemical process producing batches of a desired material. We develop a probabilistic model for percentage yield using the distribution fitting features of EasyFit, and employ the developed model to obtain the needed inference.
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