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: KurtosisIs a common belief that gaussians and uniform distributions
There is more than Monte Carlo when talking about randomized algorithms. It is not uncommon to see the expresions “Monte Carlo Approach” and “randomized approach”
Remember your friend from our very first post? . Well, I am sorry to say that he never really reached French Guyana. He ended up
Or “Martingales are awesome!”.In a previous post, we talked about bounds for the deviation of a random variable from its expectation that built upon Martingales,