Stochastic volatility is the unpredictable nature of asset price volatility over time. It's a flexible alternative to the Black Scholes' constant volatility assumption.

Introduction After the WHO prequalified the first vaccine against mpox, we aimed to identify the influence of vaccine ...

For a product to be considered of quality, it is necessary that it meet the customer's needs and expectations; that is, the specifications. For this, it needs to be produced by a process that is ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

A courseware module that covers the fundamental concepts in probability theory and their implications in data science. Topics include probability, random variables, and Bayes' Theorem.

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 ...

The mathematician Daniel Litt has driven social media users to distraction with a series of simple-seeming but counterintuitive probability puzzles. In late January, Daniel Litt posed an innocent ...

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, ...