A random variable is one whose value is unknown or a function that assigns values to each of an experiment’s outcomes. A random variable can be discrete or continuous.

A means of converting a random variable into an approximate standard normal is described. It is an extension of the transformation inherent in the use of the exponential embedded family approach to ...

I worked on a high-value regression model using mutual fund data to predict two key outcomes: board member count (BoardMem) and average manager salary (AvgSalary). The goal was to find the right ...

How to Generate a Random Variable With Normal Distribution in Excel. Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be ...

In representing a realationship between a response and a number of independent variables, it is preferable when possible to work with a simple functional form in transformed variables rather than with ...

Fundamental methods are developed for the derivation of the probability density function and moments of rational algebraic functions of independent random variables. Laplace and Mellin integral ...