All Posts Tagged With: "Skewed distribution"
Glossary: Statistics
Certain or Uncertain
You may know the values your variables will take in the time frame of your model — they are certain, or what statisticians call “deterministic”. Conversely, you may not know the values they will take —…
2009 © | Webadmin | 0 comments | Continued
Uncertainty – lack of information
Every item in a budget or a profit and loss account represents in principal a probability distribution. In this framework all items whether from the profit and loss account or from the balance sheet will have individual probability distributions.
2008 © | S@R | 0 comments | Continued
