The mode is a statistical term for the value that occurs most frequently in a set of numbers. Learn about the difference between the mean, median, and mode.

Another way to calculate the probability of a risk is to use quantitative analysis, which involves using numerical data and statistical techniques to estimate the probability and impact of each risk.

Learn what Value at Risk is, what it indicates about a portfolio, its pros and cons, and how to calculate the VaR of a portfolio using Microsoft Excel.

Circular Statistics and Probability Distributions Publication Trend The graph below shows the total number of publications each year in Circular Statistics and Probability Distributions.