Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...

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 ...

Traditional probability-based structural reliability analysis method can only consider random uncertainties described by random distribution functions, which required sufficient experimental samples.

The Journal of Symbolic Logic (JSL) was founded in 1936 and it has become the leading research journal in the field. It is issued quarterly. Volume 71, being published during 2006, will consist of ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

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 ...