ErlangValue
RiskAMP Random Distribution Functions
Using this function in Excel:
=ErlangValue(Shape, Scale)
Function arguments:
| Shape | Shape parameter |
| Scale | Scale parameter |
Returns a value from the Erlang distribution.
Note the scale parameter (β) is the reciprocal of the rate (λ). To model an
Erlang distribution given values for the shape and rate, use =ErlangValue(Shape, 1/Rate).