You may ask, why copulas? We do not mean this copulas. We mean the mathematical concept. Simply put, copulas are … More

# Author: Lia

Hi! I am the statsletters editor.

# Sympathy for the Extreme

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).

# Book review: “The (mis)behaviour of Markets”

Embracing the turbulence

# Using higher moments to your advantage: Kurtosis

Or “can daedalean words actually help make more accurate descriptions of your random variable? Part 1: Kurtosis Is a common … More

# On types of randomized algorithms

There is more than Monte Carlo when talking about randomized algorithms. It is not uncommon to see the expresions “Monte … More