Statistics How To

Statistics How To

Ill-Conditioned

Statistics Definitions > A mathematical problem or series of equations is ill-conditioned if a small change in the independent variable (input) leads to a large change in the dependent variable (output). This can lead to computational problems. For example, if…

Memoryless Property

Probability > The memoryless property (also called the forgetfulness property) means that a given probability distribution is independent of its history. Any time may be marked down as time zero. If a probability distribution has the memoryless property the likelihood…