What is non-normal data? Normally distributed data is a commonly misunderstood concept in Six Sigma. Some people believe all data collected and used for analysis must be distributed normally. But ...

The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and applications of statistics and probability. The Institute was formed at a ...

In many applications, the response variable is not Normally distributed. GLM can be used to analyze data from various non-Normal distributions. In this short course, we will introduce two most common ...

The theory of acceptance sampling by variables based on non-normal populations has been recently developed in various directions, as seen in an interesting survey by Owen [9]. In the present paper we ...

Skew‐normal distributions extend the traditional normal model by incorporating a parameter that accounts for asymmetry, thereby providing a more flexible framework for modelling real‐world data.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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 ...