The loss of packets in a communication system can be minimized in an optimal manner by adapting a set of error correction (EC) parameters in response to a calculated probability of packet loss. The calculated probability is obtained from derived algorithms that are applied to a set of communication parameters. Algorithms are derived from Bernoulli-distributed traffic models and constant bit rate (CBR) traffic models of the communication system. A collapsed-state model is used to derive a very efficient algorithm that calculates an approximate probability of packet loss. Alternate applications for the algorithms are also disclosed.