The Laplace Distribution and Generalizations
Subtitle: A Revisit with Applications to Communications, Economics, Engineering, and Finance (Progress in Mathematics)
Edition: 1 edition
Publisher: Birkhäuser Boston
Published: May 18, 2001
Language: eng
Format: Hardcover
Number of pages: 349
ISBN-13: 9780817641665
Subjects: Applied mathematics; Finance; Functional analysis; Operational research; Mathematical Analysis; Mathematics; Business/Economics; Probability & Statistics - General; Applied; Mathematics / Statistics; Operations Research; Distribution (Probability theo; Distribution (Probability theory)
First sentence: Over 75 years ago in a paper that appeared in the 1923 issue of the Journal of American Statistical Association (pp. 841-852) entitled "First and Second Laws of Error," the late professor and head of vital statistics at the Harvard School of Public Health, Edwin Bidwell Wilson (1879-1964)' concurs with economics professor W.L. Crum's conclusions expressed in a paper published in the same journal in March 1923, entitled "The Use of the Median in Determining Seasonal Variation" (pp. 607-614) that "a good many series of data from economic sources probably may be better treated by the median than by the mean."