I'm writing to ask about how to use the fourth parameter in the PERT distribution to control scaling. I do not yet own RiskAMP, but am interested in this feature.

Hi,

It's not scaling, exactly; it's more closely related to kurtosis (peakedness). Have a look at

[en.wikipedia.org]

Basically in the PERT distribution, this is a way to get fatter or narrower tails, if desired. It's much easier to understand if you experiment with it; we have a trial version you can use for 30 days, so I encourage you to download it and try it out.

Make sure you download the Pro version, though, the PERT function is only in that version.

Cheers,

Alex Edwards
alex@riskamp.com

Alex,

Thanks very much for your response. I will try the software.

Best regards,
Brad