Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Abstract: In this letter, a highly accurate approximate approach for the sum of arbitrary correlated Weibull random variables is proposed. Specifically, closed-form approximate expressions for the ...
Abstract: Traditionally, the uncertainty qualification is utilized with the known probability distribution function (PDF). However, in some scenarios, the PDFs of some uncertain variables are modeled ...