How to Generate a Random Variable With Normal Distribution in Excel. Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be ...

Random factor analysis is a statistical technique to decipher whether outlying data is caused by an underlying trend or just simply a random event.

P-values are taught in introductory statistics classes in a way that confuses many of the students, leading to common misconceptions about their meaning. In this article, we argue that p-values should ...

A rich and flexible class of random probability measures, which we call stick-breaking priors, can be constructed using a sequence of independent beta random variables. Examples of random measures ...