Need for most accurate discrete approximations explains effectiveness of statistical methods based on heavy-tailed distributions

• Main Authors: Sriboonchitta S., Kreinovich V., Kosheleva O., Nguyen H.
• Format: Book Series
• Published: 2017
• Online Access: https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85006024590&origin=inward; http://cmuir.cmu.ac.th/jspui/handle/6653943832/42604
• Institution: Chiang Mai University

© Springer International Publishing AG 2016. In many practical situations, it is effective to use statistical methods based on Gaussian distributions, and, more generally, distribution for which tails are light – in the sense that as the value increases, the corresponding probability density tends t...