Abstract
The restructuring of the Maharashtra State Electricity Board is changing the power scenario in the state. Within a span of one year, the restructuring has started yielding good results and there seems a great promise for the future of the power sector in the state. Proper restructuring of an electrical utility is possible only by proper analysis of the randomly varying parameters of the entire system. The analysis of these randomly varying parameters is done using various statistical methods. These statistical methods include probability distribution functions like Weibull Distribution, Beta Distribution. For the purpose of proper planning and forecasting the average values of these parameters are calculated by the above-said methods and are compared with arithmetic mean.
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