Patent ID: 8311773

Claim:
A method of computer-estimating at least one function of a probability distribution of at least one variable, wherein said at least one variable is an output or at least one of the arguments of a primary function, and wherein at least one of said arguments of said function has multiple data values that are separated into at least two groups and processed sequentially, the method comprising using available information concerning: (i) prior bounds for said data values of said at least one argument and said primary function; and (ii) prior probability distributions within said prior bounds for all of said arguments of said primary function; automatically, with a computer, sequentially processing the data values by: (a) generating realizations of said primary function from realizations of said arguments drawn from the respective prior probability distributions for said arguments; (b) determining at least one posterior bound among said realizations of said primary function and said arguments; (c) stopping said sequential processing when there are fewer than a predetermined minimum number of acceptable realizations of said primary function generated that are within said prior bounds for said primary function; (d) stopping said sequential processing when said at least one posterior bound is inconsistent with the prior bound corresponding thereto; and (e) after said data values are sequentially processed, determining at least one final bound among said realizations of said primary function and said arguments, and using said at least one final bound to define the estimated function of said probability distribution of said at least one variable.