A discrete distribution is a statistical probability distribution that represents the possible discrete values a variable can take.

Discover what a log-normal distribution is, its financial applications, and how to calculate it, including using Excel for practical financial analysis.

Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be comfortable predicting the future. Using Excel is a great way to perform what ...

In a number of situations we are faced with the problem of determining efficient estimates of the mean and variance of a distribution specified by (i) a non-zero probability that the variable assumes ...

SHANKAR BHAMIDI, REMCO VAN DER HOFSTAD, GERARD HOOGHIEMSTRA, EXTREME VALUE THEORY, POISSON—DIRICHLET DISTRIBUTIONS, AND FIRST PASSAGE PERCOLATION ON RANDOM NETWORKS, Advances in Applied Probability, ...