Nature

Using large language models to suggest informative prior distributions in Bayesian regression analysis

Selecting prior distributions in Bayesian regression analysis is a challenging task. Even if knowledge already exists, gathering this information and translating it into informative prior ...
Nature

A novel extension of the exponential distribution with application in modeling complex lifetime and environmental data

Statistical models have been extensively applied in industries such as survival, accounting, actuarial sciences, insurance, and engineering analysis to analyze data patterns. The success of ...

Understanding Normal Distribution: Key Concepts and Financial Uses

Discover normal distribution—a critical concept in finance—and its key properties, formula, and real-world applications.
National Academies of Sciences%2c Engineering%2c and Medicine

Statistical Models and Analysis in Auditing: A Study of Statistical Models and Methods for Analyzing Nonstandard Mixtures of Distributions in Auditing

Unfortunately, this book can't be printed from the OpenBook. Visit NAP.edu/10766 to get more information about this book, to buy it in print, or to download it as a free PDF.
Geeky Gadgets

How to use Microsoft’s Excel Data Analysis Toolpak

Microsoft Excel’s Data Analysis Toolpak is an invaluable add-in for those who require complex statistical or engineering analyses. This powerful feature allows users to execute a variety of data ...