The US tax court’s approach to risk distribution is rooted in a flawed reliance on the Law of Large Numbers, argue F. Hale ...

Abstract: Modeling a complex system with a large number of variables at one time and collecting global data on a large scale is usually not practical. It is ideal to model the global system according ...

How ANOVA helps ensure process data lead to accurate, defensible decisions. The two-sample t-test determines if two population means are equal. Typical applications involve testing whether a new ...

This comprehensive study meticulously evaluated six probability distribution models for the compressive strength of 24 concrete blocks, 12 with metakaolin and 12 without addition. The models analyzed ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Abstract: In energy-only electricity markets, the operational reserve demand curve is a scarcity pricing mechanism adopted to address the shortage of reserves and ...