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 ...

Convergence theorems form the backbone of probability theory and statistical inference, ensuring that sequences of random variables behave in a predictable manner as their index grows. These theorems, ...

The first step is to ensure that the given distribution actually is a valid probability distribution. As mentioned earlier, ...

Fuzzy statistics and random variables represent a progressive fusion of traditional probability theory with the principles of fuzzy logic, enabling the treatment of imprecision and vagueness inherent ...

Several theorems are stated which are useful in establishing whether a given sequence of averages of independent but not identically distributed random variables does or does not satisfy the weak ...