Everyone agrees the normal distribution isn't a great statistical model for stock market returns, but no generally accepted alternative has emerged. A bottom-up simulation points to the Laplace ...

This article addresses a gap in many, if not all, introductory mathematical statistics textbooks, namely, transforming a random variable so that it better mimics a normal distribution. Virtually all ...

When business researchers analyze data, they often rely on assumptions to help make sense of what they find. But like anyone else, they can run into a whole lot of trouble if those assumptions turn ...