The course covers the probability, distribution theory and statistical inference needed for advanced courses in statistics and econometrics. Michaelmas term: Probability.

A Log-Normal distribution function is the normal distribution for the logarithm of the variable. In linear scale it is a highly skewed distribution with a long tail in the high productivity side.

Learn about the value at risk (VaR) and how to calculate it for an investment portfolio.

R. A. Agnew, Counter-examples to an Assertion Concerning the Normal Distribution and a New Stochastic Price Fluctuation Model, The Review of Economic Studies, Vol. 38, No. 3 (Jul., 1971), pp. 381-383 ...

For more information about the SPEC statement, see . The agreement between the empirical and the normal distribution functions in Output 2.1.1 is evidence that the normal distribution is an ...

The problem of constructing tolerance limits for a normal universe is considered. The tolerance limits are required to be such that the probability is equal to a preassigned value β that the tolerance ...