All sorts of physical processes in this analog world exhibit some degree of randomness. Think of noise, for example. Many noisy processes are described by Gaussian probability distributions. We should ...

Continuous Variable: can take on any value between two specified values. Obtained by measuring. Covariance: a measure of the direction of the linear relationship between two variables. Discrete ...

In generalized linear models, the response is assumed to possess a probability distribution of the exponential form. That is, the probability density of the response Y for continuous response ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Eric's career includes extensive work in both public and ...

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 ...

Count data modelling occupies a central role in statistical applications across diverse disciplines including epidemiology, econometrics and engineering. Traditionally, the Poisson distribution has ...

Uncertainty is an intrinsic part of neural computation, whether for sensory processing, motor control or cognitive reasoning. For instance, it is impossible to determine with certainty the age of a ...