Monte Carlo Analysis for Investment Risk Assessment

Discover how Monte Carlo analysis helps investors assess risk and make informed decisions. Explore its role in generating ...
Risk

Credit portfolio modeling and pricing using the Poisson binomial distribution

This study extends the Poisson binomial distribution by introducing correlation and dependence between binomial events, enhancing its ability to capture complex event types and improving model ...

Probability underlies much of the modern world – an engineering professor explains how it actually works

Probability underpins AI, cryptography and statistics. However, as the philosopher Bertrand Russell said, “Probability is the most important concept in modern science, especially as nobody has the ...
Vanguard

New Statistical Model Challenges Classical Lifetime Distributions: Introducing the Inverse Akash Distribution

In a remarkable academic feat, Johnson Ohakwe, a graduate of Michael Okpara University of Agriculture, Umudike, has developed and published a novel statistical model ...