Tag Archives: statistics

Musings on the Random Walk

The easiest definition of the Random Walk is an analytic one. It doesn’t have anything related to probability theory, except insofar as the definition is motivated by probabilistic notions. To put it differently, probability theory will “lurk in the backdrop” … Continue reading

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Poisson Distribution – Introduction

A Poisson distribution is the chance of the amount of events that occur in a specified period. The events occur independently of one another and once the expected number of events is known. The symbol denotes the predicted number of … Continue reading

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