A method is provided for designing a product. The method may include obtaining data records relating to one or more input variables and one or more output parameters associated with the product; and pre-processing the data records based on characteristics of the input variables. The method may also include selecting one or more input parameters from the one or more input variables; and generating a computational model indicative of interrelationships between the one or more input parameters and the one or more output parameters based on the data records. Further, the method may include providing a set of constraints to the computational model representative of a compliance state for the product; and using the computational model and the provided set of constraints to generate statistical distributions for the one or more input parameters and the one or more output parameters, wherein the one or more input parameters and the one or more output parameters represent a design for the product.