Using GoldSim's built-in probabilistic simulation capabilities, it is straightforward to perform statistical analysis of time series data. This model uses Monte Carlo simulation to analyze monthly time series data of a rate to produce monthly and annual flow statistics. In addition to this, the model calculates probability distributions for each month and compares it to an analytical distribution then finds a best fit probability distribution for all months. It is assumed that the flow units are in cubic feet per second (cfs).
Please sign in to leave a comment.