This refers to any bias in a predictive model which is the result of the omission of variables that are relevant to the outcome. The omission of a relevant variable can, among other things, lead ...

Fuzzy statistics and random variables represent a progressive fusion of traditional probability theory with the principles of fuzzy logic, enabling the treatment of imprecision and vagueness ...

This note suggests that expressing a distribution function as a mixture of suitably chosen distribution functions leads to improved methods for generating random variables in a computer. The idea is ...

How to Generate a Random Variable With Normal Distribution in Excel. Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be ...