The normal distribution (also known as the Gaussian distribution) is arguably the most important distribution in Statistics. It is often used to represent continuous random variables occurring in ...

In this paper a new normal approximation to a sum of hypergeometric terms is derived, which is a direct generalization of Feller's normal approximation to the binomial distribution [2]. For intervals ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “It’s these VaR numbers that are really setting this thing off,” goes a line from the film Margin Call, the ...

This is a preview. Log in through your library . Abstract Bayesian analysis for the covariance matrix of a multivariate normal distribution has received a lot of attention in the last two decades. In ...

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 ...

The Black-Scholes model enables investors to estimate the values of their options contracts more accurately. Read on to learn more about how this is performed.