Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be comfortable predicting the future. Using Excel is a great way to perform what ...

A new proof, based on the duality theorem of linear programming, is given of a theorem of V. Strassen, which states essentially that the minimum distance between random variables with given ...

Discover how Monte Carlo analysis helps investors assess risk and make informed decisions. Explore its role in generating ...

The world is full of uncertainty: accidents, storms, unruly financial markets, noisy communications. The world is also full of data. Probabilistic modeling and the related field of statistical ...

Some fundamental properties of the empirical distribution function are derived in the case of independent but not necessarily identically distributed random variables. The distribution functions of ...

UPSC: Union Public Service Commission offers Mathematics as one of the Optional Subjects for the UPSC IAS Mains exams. The optional paper consists of 2 papers (Paper I and Paper II) of 250 marks each.