Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...

This research provides density functions and descriptive statistics for the distance between points for basic shapes in Cartesian space. Both Euclidean and Rectilinear Distances are determined for ...

Abstract: Reliable and accurate wind power prediction is fundamental for efficient operation of wind energy system. However, the stochasticity and volatility cause a lot of colored noises, making wind ...

What Is A Probability Density Function? A probability density function, also known as a bell curve, is a fundamental statistics concept, that describes the likelihood of a continuous random variable ...

ABSTRACT: This paper presents a game theory-based method for predicting the outcomes of negotiation and group decision-making problems. We propose an extension to the BDM model to address problems ...

Cumulative probability is an essential concept in the world of statistics and probability theory. It refers to the likelihood that a random variable will take a value equal to or less than a specific ...