Tag: Random Process

Generating correlated random numbers

For the method on generating multiple sequences of correlated random numbers click here. Generating two sequences of correlated random numbers, given the correlation co-efficient $$\rho$$, is implemented in two steps…

Bayes’ Theorem

In statistics, the process of drawing conclusions from data subject to random variations – is called “statistical inference”. Usually, in any random experiment, the observations are recorded and conclusions have…