Abstract: The probability and possibility theories are two particular cases of the more general theory of evidence, and probability distribution and possibility distribution (PD) are two different, ...

Lognormal distribution probability density function (PDF). The probability density function (PDF) for a lognormal random variable is ...

Pareto (Type I) distribution probability density function (PDF).

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 ...

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 ...

Abstract: In this paper, we propose a model of a parameter estimator filter for Black Box-type Stochastic Systems (BBSS), that is, only its inputs and outputs are known; considering its intrinsic ...

Amusement park patrons, wanting to go on a log ride, might not have to wait in line at all, they might have to wait for hours, or the wait could be anywhere in between. For a random log rider, the ...