Patent ID: 7848907
Filing Date: 2010-12-07
Classification: G06F

Abstract:
1. A method of modeling stochastic behavior of a system of N similar statistical variables using N uncorrelated/independent random model parameters, comprising: providing a system of N similar statistical variables, wherein each stochastic variable has a same standard deviation, and N is equal to or greater than two; partially correlating each and every pair of stochastic variables among N variables using a computing processor, wherein a degree of partial correlation is a same for all pairs of variables and there are N(N−1)/2 pairs; constructing a statistical model to represent a system of N stochastic variables in which only N independent stochastic model parameters are used using the computing processor; establishing a one to one mapping relation between N model parameters and the N variables; finding unique values of the N model parameters given a set of values of the N variables; and finding values of the N variables given a set of values of the N model parameters.