The probability distribution of the number of defaults plays an important role in pricing problems of multiple-name credit derivatives. When the group size gets large, it becomes increasingly ...

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 ...

Scientists at the University of California, San Diego (UCSD) have developed new insight into a formula that helped British cryptanalysts crack the German Enigma code in World War II. Scientists at the ...

Continuous Variable: can take on any value between two specified values. Obtained by measuring. Discrete Variable: not continuous variable (cannot take on any value between two specified values).

Stein's method has emerged as a powerful and versatile tool in probability theory for deriving error bounds in distributional approximations. Originally developed to ...

Students of statistics and researchers in search of a stats review will appreciate the Probability-Distributions app designed by Dr. Matthew Bognar at the University of Iowa. The app includes ...