Independent Events
If the outcome of one event has no bearing on the likelihood of the other, they are considered independent events.
What is Adjusted R-Squared?
The adjusted R squared modifies the standard R squared to account for the degrees of freedom used when estimating mod...
What is Poisson Distribution?
Poisson random variables are used to measure counts of events.
Special Purpose Vehicle
A special purpose vehicle (SPV) is a subsidiary company that is formed to undertake a specific business purpose or ac...
What is Rogue Trading: A Introductory Guide
Rogue traders act recklessly and independently of others, often harming their employers and clients in the process.
Operational Risk
Operational risk is the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt...
What is Expense Ratio?
The expense Ratio is the ratio of expenses to premiums generated. Using it, companies can determine their efficiency.
What is Simulation Modelling
The purpose of simulation is to discover and comprehend the variables that control an existing or prospective system.
What is Bayes’ Rule?
By using knowledge about one event's outcome, Bayes' Rule allows us to estimate the unconditional probability of anot...
What is Net Asset Value?
The Net Asset Value is calculated by adding all assets, subtracting all liabilities, and dividing them by shares outs...