Question
Decision models used in business analytics rely on the concepts of probability and probability distributions. Explain the three types of probability with examples. Which one
Decision models used in business analytics rely on the concepts of probability and probability distributions. Explain the three types of probability with examples. Which one is widely used in practice and why?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
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