You may ask, why copulas? We do not mean this copulas. We mean the mathematical concept. Simply put, copulas are … More
Every now and then, a data science practitioner will be tasked with making sense out of rare, extreme situations. And the good news is, there exist mathematical tools that can help you make sense of extreme events. And some of those tools are structured under a branch of probability which has (conveniently) been named Extreme Value Theory (EVT).
Embracing the turbulence
Or “can daedalean words actually help make more accurate descriptions of your random variable? Part 1: Kurtosis Is a common … More
There is more than Monte Carlo when talking about randomized algorithms. It is not uncommon to see the expresions “Monte … More