The location parameter affects the location of a distribution. The location is either estimated from the data or specified based on historical process knowledge.
Interpretation
The location parameter can affect the location of the data by shifting it along the x-axis. A positive location value shifts a distribution to the right, while a negative location value shifts a distribution to the left.
Effect of the location parameter for a logistic distribution
This graph shows the effect of the different values of the location parameter on the logistic distribution.
