Sunday, November 23, 2008

Advantages of theortical or probability distribution

There are following benefits of theoretical or probability distribution

1. Where the calculation of observed distribution is not possible :-

Sometime observed base distribution's calculation is not possible due to impossibility at that place we can calculate probability distribution.

2. Helpful in forecasting :-

This probability distribution is very helpful for forecasting and on this basis we can estimate our future and make good plans for our business.

3. Helpful in Comparison :-

We can compare it with observed or real distribution and evaluate our efficiency of work.
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