The multinomial distribution is a type of probability distribution used in finance to determine the likelihood of a certain set of outcomes.

Since the point pattern is curved with slope increasing from left to right, a theoretical distribution that is skewed to the right, such as a lognormal distribution, should provide a better fit than ...

Probability distribution is useful for evaluating financial risks involved in choosing one option over another. For example, assume you're considering whether to expand your business to include a ...

In this article we review two historical approximations to the Poisson and binomial cumulative distribution functions (CDFs); that is, the Wilson—Hilferty and Camp—Paulson approximations. Both of ...

The course covers the probability, distribution theory and statistical inference needed for advanced courses in statistics and econometrics. Michaelmas term: Probability.

For a spherically symmetric multivariate normal random sample, the asymptotic distribution of the largest interpoint Euclidean distance is derived. The number of interpoint distances exceeding a high ...

There are fundamental reasons why the normal distribution is a reasonable approximation in many development and manufacturing settings, but there are also practical reasons why data may not exactly ...

Learn about the value at risk (VaR) and how to calculate it for an investment portfolio.