The document discusses the scale and shape parameters for the gamma distribution, with the scale parameter representing the mean time between events and denoted with beta, and the shape parameter specifying the number of events being modeled and denoted with alpha.
The document discusses the scale and shape parameters for the gamma distribution, with the scale parameter representing the mean time between events and denoted with beta, and the shape parameter specifying the number of events being modeled and denoted with alpha.
The scale parameter for the gamma distribution represents the
mean time between events. Statisticians denote this parameter using beta (β).
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Page 15 of 55 Shape Parameter (α)
The shape parameter for the gamma distribution speci!es the
number of events you are modeling. For example, if you want to evaluate probabilities for the elapsed time of three accidents, the shape parameter equals 3. Shape must be positive, but it does not have to be an integer.Page / 55 14 denote Statisticians the shape parameter using alpha