Glossaria.net

Glossary Inventory Managment / Term

Normal distribution

Term used in statistical analysis to describe a distribution of numbers in which the probability of an occurrence, if graphed, would follow the form of a bell shaped curve. This is the most popular distribution model for determining probability and has been found to work well in predicting demand variability based upon historical data.

Permanent link Normal distribution - Creation date 2020-07-05


< Negative inventory Glossary / Inventory Managment Operation >