Probability underpins AI, cryptography and statistics. However, as the philosopher Bertrand Russell said, "Probability is the most important concept in modern science, especially as nobody has the ...
The stochastic nature of renewable energy sources (RESs) necessitates treating power system frequency response as a random process with a nonstationary probability density function (PDF). Based upon ...
ABSTRACT: This study evaluates the projected impacts of climate change on surface water availability in the Diaguiri River Basin, a sub-catchment of the Gambia River in West Africa, using the ...
Abstract: Probability estimation measures the likelihood of different outcomes in a statistical context. It commonly involves estimating either the parameters or the entire distribution of a random ...
The COS method was introduced in Fang & Oosterlee (2008) and then was applied to pricing a variety of stock options for continuous random variables. This paper adapts the Fourier-cosine series (COS) ...
ABSTRACT: We present a family of formal expansions for the density function of a general one-dimensional asymptotic normal sequence Xn. Members of the family are indexed by a parameter τ with an ...
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