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Learning Statistics is one of the most Important step to get into the World of Data Science and Machine Learning. Statistics helps us to know data in a much better way and explains the behavior of the data based upon certain factors. It has many Elements which help us to understand the data better that includes Probability, Distributions, Descri…
The binomial tree model is a commonly used approach for pricing derivatives, such as options. The basic idea behind the model is to create a tree of possible stock prices over time, based on a set of input parameters
The most common discrete and continuous distributions, showing how they find use in decision and estimation problems, and constructs computer algorithms for generating observations from the various distributions. and applications, and lastly the most important concept is covered is entropy