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At first glance, the Lognormal, Weibull, and Gamma distributions distributions look quite similar to each other. Selecting between the three models is "quite difficult" (Siswadi & Quesenberry) and the problem of testing which distribution is the best fit for data has been studied by a multitude of researchers.
If all the models fit the data fairly…Continue
If you've been keeping up on the statistics for Covid-19 in the last week (and who hasn't?), you've probably noticed a wide variety of projections for deaths in the United States, ranging from the "best-case" scenario (327 people) to the "doomsday" figure (2.2 million). Recent statistics published include:
My original intent with this article was to write about how to understand statistics in general. However, with the global pandemic on everyone's minds right now, it seems blithe to write an article on understanding statistics without a nod to current events. If you're uncomfortable or unfamiliar with statistics, you might find the facts and figures surrounding Covid-19 hard to decipher. Let's break down the key statistics into plain English and shed a little light on a few…Continue