Stochastic dynamical systems arise in many scientific fields, such as asset prices in financial markets, neural activity in ...

The Review of Economics and Statistics, Vol. 96, No. 5 (December 2014), pp. 916-935 (20 pages) We propose a random coefficients nested logit (RCNL) model to compare the tractable nested logit (NL) ...

Extropy has emerged as a pivotal measure in the quantification of uncertainty, serving as a complementary counterpart to the traditional concept of entropy. Unlike entropy, which is widely used to ...

High-frequency financial data are not only discretely sampled in time but the time separating successive observations is often random. We analyze the consequences of this dual feature of the data when ...

A random variable that can take only a certain specified set of individual possible values-for example, the positive integers 1, 2, 3, . . . For example, stock prices are discrete random variables, ...

The Department of Mathematics and Statistics at Saint Louis University offers undergraduate options in pure mathematics, applied mathematics and statistics, as well as graduate degrees in mathematics.

In statistical testing for high dimensional data, the multiple testing problem makes it difficult to discover true causes of biological and clinical phenomena. The primal aim of this project is to ...

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 ...