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An Introduction to Heavy-Tailed and Subexponential Distributions

An Introduction to Heavy-Tailed and Subexponential Distributions

Paperback

Series: Springer Operations Research and Financial Engineering

Business GeneralPhysicsProbability & Statistics

Currently unavailable to order

ISBN10: 1489988327
ISBN13: 9781489988324
Publisher: Springer Nature
Published: Jun 17 2015
Pages: 157
Weight: 0.55
Height: 0.37 Width: 6.14 Depth: 9.21
Language: English

Heavy-tailed probability distributions are an important component in the modeling of many stochastic systems. They are frequently used to accurately model inputs and outputs of computer and data networks and service facilities such as call centers. They are an essential for describing risk processes in finance and also for insurance premia pricing, and such distributions occur naturally in models of epidemiological spread. The class includes distributions with power law tails such as the Pareto, as well as the lognormal and certain Weibull distributions.

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Probability & Statistics