Skew‐normal distributions extend the traditional normal model by incorporating a parameter that accounts for asymmetry, thereby providing a more flexible framework for modelling real‐world data.

Slash distributions offer a flexible framework for modelling heavy-tailed phenomena and atypical data behaviour in statistical inference. Originating as a means to construct distributions with high ...

Description: An introductory treatment of probability theory, including distribution and density functions, moments, and random variables. Applications of normal and exponential distributions.

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance ...

In the paper we present a novel construction of Marshall-Olkin (MO) multivariate exponential distributions of failure times as distributions of the first-passage times of the coordinates of ...