In probability theory and statistics, the triangular distribution is a continuous probability distribution with lower limit a, upper limit b, and mode c, where a < b and a ≤ c ≤ b.
The triangular distribution is typically used as a subjective description of a population for which there is only limited sample data, and especially in cases where the relationship between variables is known but data is scarce (possibly because of the high cost of collection).
It is based on a knowledge of the minimum and maximum and an "inspired guess"[3] as to the modal value.
The triangular distribution is therefore often used in business decision making, particularly in simulations.
The triangular distribution, along with the PERT distribution, is also widely used in project management (as an input into PERT and hence critical path method (CPM)) to model events which take place within an interval defined by a minimum and maximum value.