Tag: probability

What is 'Value At Risk - VaR' Value at risk (VaR) is a statistical technique used to measure and quantify the level...

What is 'Unconditional Probability The definition of unconditional probability is the chance that a single outcome results from a sample of possible outcomes. To find...

DefinitionIn probability theory and statistics, kurtosis is a measure of the "tailedness" of the probability distribution of a real-valued random variable. In a similar...

DefinitionThe Jarrow–Turnbull credit risk model was published by Robert A. Jarrow of Kamakura Corporation and Cornell University and Stuart Turnbull, currently at the University...

DefinitionIn probability theory, the law of large numbers is a theorem that describes the result of performing the same experiment a large number of...

What is 'Objective Probability' The probability that an event will occur based an analysis in which each measure is based on a...

DefinitionTail risk is the additional risk of an asset or portfolio of assets moving more than 3 standard deviations from its current price, above...

DefinitionIn statistical hypothesis testing, the p-value or probability value or asymptotic significance is the probability for a given statistical model that, when the null...

What is 'T Distribution' A type of probability distribution that is theoretical and resembles a normal distribution. A T distribution differs from...

What is 'A Priori Probability' A priori probability is a probability calculated by logically examining existing information. A priori probability can most...