Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...
Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...
Interest Rate Probability Distributions Implied by Derivatives Prices is a daily measure of the distribution of future short-term interest rates, calculated from prices of fixed-income derivatives ...
Abstract: This paper revisits the ordered statistics decoding (OSD). It provides a comprehensive analysis of the OSD algorithm by characterizing the statistical properties, evolution and the ...
ABSTRACT: In order to introduce left and right truncated versions of the modified lognormal with a power-law distribution, we derive its probability density function, its distribution function, its ...
Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...
Abstract: A generalized variant of the conventional Gumbel type II distribution is derived and studied in this study. The Weibull-Gumbel type II distribution, which includes three shape parameters and ...
The mathematician Daniel Litt has driven social media users to distraction with a series of simple-seeming but counterintuitive probability puzzles. In late January, Daniel Litt posed an innocent ...
The annual number of car accidents in the U.S. has risen steadily since 2011. This is consequential not only for the overall health and safety of American society but for the American economy as well.