In engineering design, the traditional “deterministic” modelling approach assumes fixed values for loads, material properties ...

The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.

The FactorGraph package provides the set of different functions to perform inference over the factor graph with continuous or discrete random variables using the belief propagation algorithm. A ...

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Abstract: Complex random variables arise naturally in many settings and their properties are of general interest. Past work on complex variables has mainly focused on their second-order structure, as ...

To watch baseball or any other sport is to confront the fundamental unpredictability of the universe, its utter refusal to bend to your wishes, no matter how fervent. In recent years, some ...

Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be comfortable predicting the future. Using Excel is a great way to perform what ...

Probability Distribution Notes: Probability is a fundamental aspect of mathematics that helps us understand and quantify uncertainty. Mastery of this subject is essential for students, as it has ...