“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

Abstract: This paper proposes a direct model for conditional probability density forecasting of residential loads, based on a deep mixture network. Probabilistic residential load forecasting can ...

2:14 New Brunswick hopes more full-time forest rangers will prevent fires New Brunswickers were on edge this summer as firefighters battled blazes across the province during a particularly challenging ...

The Dodgers managed to overcome all of the odds against them to beat the Blue Jays and win Game 7, in one of the greatest World Series games ever played. What odds did the Dodgers overcome to win the ...

Measuring the truly important things in business is harder than it looks. While collecting numerical data points like profit, expenses and sales is relatively straightforward, the critical information ...

A maths optical illusion is a fascinating trick where numbers, shapes, or patterns deceive our brain into seeing something different from the mathematical reality. These illusions use geometry, ...

Business with 2degrees: Jerome Powell says there's no risk-free path between employment and inflation concerns. Video / Herald NOW The US Federal Reserve has lowered interest rates for the first time ...

Here’s what I’m hearing from major-league sources with less than three full days until the conclusion of the MLB trade deadline at 6 p.m. ET Thursday. The loss of closer Emmanuel Clase to ...