There’s a concept called the Pareto Principle, which originated with the curious Italian economist Vilfredo Pareto in the late 1800s. Pareto was studying wealth distribution in Italy when he noticed ...

One of the neat things about modern AI is that a whole new generation of people in a field outside of economics (but certainly driving the modern economy) has been introduced to curves showing the ...

Demand for rare earth elements (REEs) is expected to surge over the coming years as their role in the green energy transition becomes increasingly impossible to ignore. Around 20% of REEs account for ...

One of the hallmarks of a successful leader is the ability for big-picture thinking and analysis. In my sessions with executive clients, we are constantly analyzing time management, communication ...

ABSTRACT: This methodological article aims to present the type I Pareto distribution in a clear and illustrative manner for better understanding among social researchers. It also provides R scripts ...

1 Department of Statistical Sciences, Sapienza University of Rome, Rome, Italy. 2 Department of Economics and Finance, Luiss University, Rome, Italy. In statistical decision theory, the risk function ...

Abstract: Robust maritime surveillance with radar requires an accurate description of the backscatter from the sea. The probability distribution of the backscatter is commonly used to determine the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...