The joint probability of two or more variables being “extreme” is relevant in Flood and Coastal Risk Management (FCRM) in various contexts, including: Assessing the likelihood of extreme peak flow ...

Interest Rate Probability Distributions Implied by Derivatives Prices is a daily measure of the distribution of future short-term interest rates, calculated from prices of fixed-income derivatives ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.

This methodological article aims to present the type I Pareto distribution in a clear and illustrative manner for better understanding among social researchers. It also provides R scripts for ...

Abstract: While probability distribution functions are crucial for simulating random processes, research on these functions and their features is required. However, studies have demonstrated that in ...

When is it appropriate to completely reinvent the wheel? To an outsider, that seems to happen a lot in category theory, and probability theory isn’t spared from this treatment. We’ve had a useful ...

If your back is killing you at the end of the day, you might blame it on picking something up incorrectly or somehow injuring it. But up to 25% of lower back problems aren’t actually caused by muscle ...