The world is full of uncertainty: accidents, storms, unruly financial markets, noisy communications. The world is also full of data. Probabilistic modeling and the related field of statistical ...

Circular statistics is a specialised subfield of statistics that focuses on analysing data points distributed on a circle. Unlike conventional linear statistics, circular data is characterised by ...

Probability calculations determine the chance of a specific event occurring. This calculation factors in the number of positive events with respect to the total number of possible results. When you ...

Stable but elevated” isn't something you want to hear in a medical checkup or in a recession likelihood outlook.

The PPI data is good news for the Fed and "marginally raises" the probability of three sequential rate cuts in September, ...

In the pursuit of recognizing true talent, industries often face a critical question: How can one accurately measure ability and potential? Over time, traditional subjective assessments have shown ...

The National Oceanic and Atmospheric Administration set out to answer the question on everyone's mind this time of year. The NOAA released an interactive map that shows the historical probability of ...