Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

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This methodological article aims to present the type I Pareto distribution in a clear and illustrative manner for better understanding among social researchers. It also provides R scripts for ...

1 Department of Mathematics, Kotebe University of Education, Addis Ababa, Ethiopia 2 Department of Statistics, Addis Ababa University, Addis Ababa, Ethiopia The main purpose of this paper is to ...

Abstract: While probability distribution functions are crucial for simulating random processes, research on these functions and their features is required. However, studies have demonstrated that in ...

In statistics, the expected value of a random variable is a measure of the central tendency of its probability distribution. In simple terms, it gives you an idea of what value you should expect to ...

This article aimed to present a new continuous probability density function for a non-negative random variable that serves as an alternative to some bounded domain distributions. The new distribution, ...