.Figure 1.9, page 16. While an A/E chart is acceptable, I now prefer the E/A chart. They look and work about the same. If a population pdf is multiplied by an E/A distribution, the result is an Estimate distribution with the same EV as the population. I have used this approach several times in modeling competitive bidding and portfolio analysis.
There is one more mistake in the book. If you find it, please email John Schuyler at .
Other comments and suggestions will be appreciated. Thanks!
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March 17, 2005