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Topic: How to generat Gamma random variables betwenn 0 and 1
Replies: 8   Last Post: Oct 10, 2013 3:26 PM

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Zhou Yang

Posts: 3
Registered: 10/9/13
How to generat Gamma random variables betwenn 0 and 1
Posted: Oct 9, 2013 3:45 AM
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I can generate gamma random variable using GAMRND(A,B). I estimate A and B using PARMHAT = GAMFIT(X). I imported my data set from Excel to "X". The results give random variables with some values greater than 1. But I want to generate random variables between 0 and 1. Is it possible with "parmhat", if so what is the syntax?

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