The logistic distribution is used under these conditions:
Conditions and parameters are complex. See: Fishman, G. Springer Series in Operations Research. NY: Springer-Verlag, 1996.
The mean parameter is the average value, which for this distribution is the same as the mode, since this is a symmetrical distribution. After you select the mean parameter, you can estimate the scale parameter. The scale parameter is a number greater than 0. The larger the scale parameter, the greater the variance. |