Two new methods are suggested for estimating the dependence function of a bivariate extreme-value distribution. One is based on a multiplicative modification of an earlier technique proposed by ...
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 ...
Many gamblers rely on the law of averages to convince themselves to play another hand, but they have a fundamental misunderstanding of statistics.
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 percentage of rain on your weather app might not mean what you think.Rain chances simply indicate the probability of at least 0.01" of rain in a specific ar ...
Probability of precipitation (PoPs) is one of the most common elements of a forecast you see on websites and weather apps, including our own StormTracker6 weather app and WLNS website. But what does ...
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