Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Let X1, X2, ⋯, Xn be a sample of a one-dimensional random variable X; let the order statistic T(X1, X2, ⋯, Xn) be defined in such a manner that T(x1, x2, ⋯, xn) = (x(1), x(2), ⋯, x(n)) where x(1) ≤ ...

Variable dimensional problems, where not only the parameters, but also the number of parameters are random variables, pose serious challenge to Bayesians. Although in principle the Reversible Jump ...