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 ...
Collecting data; summarizing and displaying data; drawing conclusions and making decisions using data; probability background, confidence intervals, hypotheses tests, regression, correlation. Not open ...
Traders in bonds and credit default swaps are bombarded with information on the default probabilities implied by credit spreads using a simple ratio. This ratio predicts that the credit spread will be ...
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