The multinomial distribution is a type of probability distribution used in finance to determine the likelihood of a certain set of outcomes.

In addition to predicting future sales levels, probability distribution can be a useful tool for evaluating risk. Consider, for example, a company considering entering a new business line.

Probability distribution is useful for evaluating financial risks involved in choosing one option over another. For example, assume you're considering whether to expand your business to include a ...

A sampling distribution describes the data chosen for a sample from among a larger population.

All sorts of physical processes in this analog world exhibit some degree of randomness. Think of noise, for example. Many noisy processes are described by Gaussian probability distributions. We should ...

This article reviews the important ideas behind random matrix theory (RMT), which has become a major tool in a variety of disciplines, including mathematical physics, number theory, combinatorics and ...

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