Abstract: Stochastic nature of some input variables dictates the requisite of probabilistic analysis in power systems operation and planning. Wind generation is considered as a main source of ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Abstract: It is well known that the entropy H(X) of a discrete random variable X is always greater than or equal to the entropy H(f(X)) of a function f of X, with equality if and only if f is ...

"Just Relax It" is a cutting-edge Python library designed to streamline the optimization of discrete probability distributions in neural networks, offering a suite of advanced relaxation techniques ...

This package performs KDE operations on multidimensional data to: 1) calculate estimated PDFs (probability distribution functions), and 2) resample new data from those PDFs. A number of examples (also ...

Discrete sequential information coding is a key mechanism that transforms complex cognitive brain activity into a low-dimensional dynamical process based on the sequential switching among finite ...

Claims experience in non-life insurance is contingent on random eventualities of claim frequency and claim severity. By design, a single policy may possibly incur more than one claim such that the ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Eric's career includes extensive work in both public and ...