Using the moment generating functions to find moments: a simple example
The moment generating function can be quite obscure for students. We have a definition here. Quite obscure, isn’t it! In this blog, I will show a simple example…
The moment generating function can be quite obscure for students. We have a definition here. Quite obscure, isn’t it! In this blog, I will show a simple example…
In my previous post, we saw that we can derive Cobb-Douglas production function from CES production function when the elasticity of substitution is equal to zero. In this…
In this post, I will show how it is simple to visualize CES production functions with Wolfram Alpha. I build upon the very pedagogical YouTube video of Klaus…
In this post, I will show how it is simple to visualize production functions with Wolfram Alpha. I build upon the very pedagogical YouTube video of Klaus Prettner…
The positional average known as the skewness allows you to assess the symmetry of a distribution. When the skewness is to zero, then the distribution is symmetric. You…
The Big-O notation may seem quite obscure when you see it for the first time. A good way to intuitively understand this notation is to consider the case…
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