All sorts of physical processes in this analog world exhibit some degree of randomness. Think of noise, for example. Many noisy processes are described by Gaussian probability distributions. We should ...

Gaussian processes offer a versatile framework to model and analyse continuous random phenomena, making them particularly useful in quantifying the probability of ruin in financial and insurance ...

The generation of synthetic market data is widely seen as one of the most promising applications of sophisticated artificial intelligence models, such as generative adversarial networks (GANs) and ...

A new statistical technique that yields better wind-speed predictions than existing techniques do -- even when it uses only three months' worth of data -- has been revealed by researchers. That could ...

Although the literature about measuring probability of default (PD) in retail credit portfolios is vast, the same thing cannot be said about measuring exposure at default (EAD). This paper aims to ...

When a power company wants to build a new wind farm, it generally hires a consultant to make wind speed measurements at the proposed site for eight to 12 months. Those measurements are correlated with ...