Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

So far we have looked at discrete random variables and how to calculate/visualize their distribution functions. In this lesson, we shall deal with continuous variables and probability density function ...

Nonparametric methods provide a flexible framework for estimating the probability density function of random variables without imposing a strict parametric model. By relying directly on observed data, ...

Load forecasting for industrial customers is essential for reliable operation decisions in the electric power industry. However, most of the load forecasting literature has been focused on ...

Abstract: Researchers have proposed various probabilistic load forecasting models in the form of quantiles, densities, or intervals to describe the uncertainties of future energy demand. Density ...