Investopedia

Multinomial Distribution: What It Means and Examples

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Somer G. Anderson is CPA, doctor of accounting, and an accounting ...
Investopedia

What Is T-Distribution in Probability? How Do You Use It?

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 ...
JSTOR Daily

Random Collision Processes with Transition Probabilities Belonging to the Same Type of Distribution

Journal of Applied Probability and Advances in Applied Probability have for four decades provided a forum for original research and reviews in applied probability, mapping the development of ...
JSTOR Daily

EXTINCTION PROBABILITIES OF BRANCHING PROCESSES WITH COUNTABLY INFINITELY MANY TYPES

We present two iterative methods for computing the global and partial extinction probability vectors for Galton-Watson processes with countably infinitely many types. The probabilistic interpretation ...
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Using the Coefficient of Variation (COV)

The coefficient of variation (COV) is a measure of relative event dispersion that's equal to the ratio between the standard deviation and the mean. While it is most commonly used to compare relative ...