Probabilistic Analysis Input Checklist
A checklist for verifying probabilistic analysis inputs — distributions, parameters, correlation, bounds and documentation.
Checklist
- Every random variable has a physically plausible distribution
- No distribution assigns probability to impossible values
- Every distribution parameter is traceable to data or a stated assumption
- Correlated variables are identified and their correlation is modelled
- Inputs with negligible uncertainty are treated as deterministic with justification
- The number of random variables is manageable — screening has been performed
- All distribution choices are documented with rationale