Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be comfortable predicting the future. Using Excel is a great way to perform what ...

Generating random lists of numbers in Excel is handy for randomizing lists, statistical sampling, and many other uses. However, Excel's random number functions are volatile, meaning they change ...

RANDOMNESS IS A valuable commodity. Computer models of complex systems ranging from the weather to the stockmarket are voracious consumers of random numbers. Cryptography, too, relies heavily on ...

In a number of situations we are faced with the problem of determining efficient estimates of the mean and variance of a distribution specified by (i) a non-zero probability that the variable assumes ...