Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be comfortable predicting the future. Using Excel is a great way to perform what ...

This repository contains links to references (journal papers and videos) that are useful for learning simulation of probability distributions and variable transformation. The latter shows that you don ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The normal distribution is a continuous probability distribution that is symmetrical, bell-shaped, and centred around its mean. It is one of the most important distributions in statistics because many ...

Probability distribution is an essential concept in statistics, helping us understand the likelihood of different outcomes in a random experiment. Whether you’re a student, researcher, or professional ...

What does the protein content in cows' milk have in common with human IQ? Both variables have approximately normal distributions. The normal distribution is a good model for measurements of many kinds ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Suzanne is a content marketer, writer, and fact-checker.

Circular statistics is a specialised subfield of statistics that focuses on analysing data points distributed on a circle. Unlike conventional linear statistics, circular data is characterised by ...