It is shown that certain conditional distributions, obtained by conditioning on a sufficient statistic, can be used to transform a set of random variables into a smaller set of random variables that ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The conditional probability integral transform, used in goodness-of-fit tests, is compared with its Bayesian counterpart, the predictive probability integral transform, and it is shown that under ...