Simulate this shyprocess using the exponential cpg using, Econometrics

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Simulate this shyprocess using the exponential cpg using

To demonstrate the application of the exponential CPG, let's take a situation from queuing theory and simulate the arrival rate of customers entering a system. Assume customers arrive at the Quick Mart for Squishies on average every 4 minutes (following an exponential distribution). Simulate this process using the exponential CPG. Using Excel, develop a histogram with 50 data points and verify that your CPG is indeed replicating the exponential behavior

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Econometrics: Simulate this shyprocess using the exponential cpg using

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