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  1. L

    Probability of Energy Shortage

    That's really helpful thank you very much, it's exactly what I needed. I will need to do this calculation for a range of different datasets. I'm a bit of an amateur when it comes to statistics and I've never modelled a monte carlo simulation before. I was just wondering what software you used...
  2. L

    Probability of Energy Shortage

    To anyone who can help, I am trying to ascertain the likelihood that the UK will experience a power shortage this winter, ie, the probable amount of time that the UK energy production capacity will be less than demand. I have one constant and two variables. The constant is fixed energy capacity...