0
   

Best procedure to calculate Lambda

 
 
Aetius
 
Reply Wed 26 Dec, 2018 03:12 am
What is the best procedure to estimate Lambda to calculate the Poisson probability? Say I want to calculate P(X ≥1) of an accident occurring next day. For this I would calculate the average of daily accidents and divide it by 10. The question is, should I take the previous 10 days? Or calculate λ averaging i.e. 10 day periods for the last 200 days and divide them by 20? What would be the best?
Thank you much for any constructive comment.
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Question • Score: 0 • Views: 218 • Replies: 0
No top replies

 
 

 
  1. Forums
  2. » Best procedure to calculate Lambda
Copyright © 2024 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.02 seconds on 05/19/2024 at 01:09:35