Extropy has emerged as a pivotal measure in the quantification of uncertainty, serving as a complementary counterpart to the traditional concept of entropy. Unlike entropy, which is widely used to ...

Fuzzy statistics and random variables represent a progressive fusion of traditional probability theory with the principles of fuzzy logic, enabling the treatment of imprecision and vagueness inherent ...

I read this really interesting paper over the break, where they had multiple analyst teams analyze the same data set and fit a model to answer the same question. This is a topic we’ve thought about a ...

Jim Chappelow is an independent consulting economist with over 13 years of experience in economic development, research, teaching, forecasting, and consulting. David Kindness is a Certified Public ...

This note suggests that expressing a distribution function as a mixture of suitably chosen distribution functions leads to improved methods for generating random variables in a computer. The idea is ...

Analysis of variance (ANOVA) is a statistical analysis tool that separates total variability found within a data set into two components: random and systematic factors.

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 is a preview. Log in through your library . Abstract Let ε₁, ...., εn be independent identically distributed Rademacher random variables, that is ℙ{εi ...