Flexible stationary diffusion-type models are developed that can fit both the marginal distribution and the correlation structure found in many time series from, for example, finance and turbulence.

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 ...

What is the probability two distinct ranks (say, a king and a five) will appear within a card of one another in a shuffled deck? An old bar bet is predicated on it being nearly guaranteed. By modeling ...