Three-point estimation: Difference between revisions

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double-triangular
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In Program Evaluation and Review Techniques ([[PERT]]) the three values are used to fit a [[PERT distribution]] for [[Monte Carlo Method|Monte Carlo]] simulations.
 
The [[triangular distribution]] is also commonly used. It differs from the [[Double-triangular distribution|double-triangular]] by its simple triangular shape and by the property that the mode does not have to coincide with the median. The mean ([[expected value]]) is then:
 
: ''E'' = (''a'' + ''m'' + ''b'') / 3.