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 ...

This is a preview. Log in through your library . The Indian Statistical Institute (ISI), is a unique P. C. Mahalanobish institution devoted to the research, teaching and application of statistics, ...

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 ...

A random variable that can take only a certain specified set of individual possible values-for example, the positive integers 1, 2, 3, . . . For example, stock prices are discrete random variables, ...

Random bit or number generators (RBGs) are crucial in Monte-Carlo simulation 1, stochastic modelling 2, the generation of classical and quantum cryptographic keys and the random initialization of ...

David Harper is the CEO and founder of Bionic Turtle. He is also a published author with a popular YouTube channel on expert finance topics. Almost regardless of your view about the predictability or ...