Jim Chappelow is an independent consulting economist with over 13 years of experience in economic development, research, teaching, forecasting, and consulting. David Kindness is a Certified Public ...

Statistical convergence of random variables provides a rigorous framework to describe how sequences of random quantities approach limiting behaviour in probability, in distribution and in more refined ...

You don't need a crystal ball to tell you what is going to happen next in the economy. You need a statistical model. A new method can help researchers determine which economic variables they should ...

Statistical modelling of latent variables refers to the suite of methods used to infer unobserved constructs from observed data. By representing underlying factors, traits or processes that cannot be ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. David Kindness is a Certified Public ...

Up to now, it has taken a great deal of computational effort to detect dependencies between more than two high-dimensional variables, in particular when complicated non-linear relationships are ...