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A practical application of a geometric series [1]. Before my study of statistical distributions I once re-invented the Poisson distribution. It took one look o
by wjnc 9y ago
A practical application of a geometric series [1].
Before my study of statistical distributions I once re-invented the Poisson distribution. It took one look of my physicist colleague to give everyone a good laugh. That was the moment I decided an economists needs more than linear models, the normal distribution and some non-parametric tests.
[1] https://en.m.wikipedia.org/wiki/Geometric_series https://en.m.wikipedia.org/wiki/Geometric_series
- raverbashing 9y agoYes, there's no need to do the actual sum, there's a closed formula for that