Gaussian distribution is a statistical concept that is also known as the normal distribution. For a given set of data, the normal distribution puts the mean (or average) at the center and standard ...

Discover normal distribution—a critical concept in finance—and its key properties, formula, and real-world applications. Learn how it impacts financial decision-making.

The few that are concerned with their multivariate extensions are mainly based on the multivariate normal assumption. The idea of this paper is to use the multivariate normal inverse Gaussian (MNIG) ...

The paper extends earlier work on the so-called skew-normal distribution, a family of distributions including the normal, but with an extra parameter to regulate skewness. The present work introduces ...

Thomas A. Bass, Karen Yuen Fung, A Two-Stage Test for the Mean of a Multivariate Normal Distribution with Known Covariance Matrix, Sankhyā: The Indian Journal of Statistics, Series B (1960-2002), Vol.