The joint probability of two or more variables being “extreme” is relevant in Flood and Coastal Risk Management (FCRM) in various contexts, including: Assessing the likelihood of extreme peak flow ...

Interest Rate Probability Distributions Implied by Derivatives Prices is a daily measure of the distribution of future short-term interest rates, calculated from prices of fixed-income derivatives ...

A team of international physicists has brought Bayes’ centuries-old probability rule into the quantum world. By applying the “principle of minimum change” — updating beliefs as little as possible ...

Abstract: In this paper, a novel mathematical framework based on Continuous Mixture of Uniforms (CMU) for modeling the Residual Lifetime physical phenomenon is proposed. Through an alternative and ...

Introduction: Advanced statistical modeling techniques, such as copula-based methods, have significantly improved the forecasting of weather variables by capturing dependencies between them. However, ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.

Cities can be viewed as living organisms and their metabolism as the set of processes controlling their evolving structure and function. Urban population, transport networks, and all anthropogenic ...

Frustrated by what she described to PW as an inability to track the careers of authors picked for her Read with Jenna book club, Jenna Bush Hager, through her media company Thousand Voices, has formed ...

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 ...

“The ultimate determinate in war is the man on the scene with the gun. This man is the final power in war. He is in control. He determines who wins.” — J.C. Wylie, Military Strategy: A General Theory ...