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An Alternative Approach to the Modeling of Probability Distributions
Author(s) -
Chan S.Y. Jimmy
Publication year - 1993
Publication title -
risk analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.972
H-Index - 130
eISSN - 1539-6924
pISSN - 0272-4332
DOI - 10.1111/j.1539-6924.1993.tb00732.x
Subject(s) - bézier curve , flexibility (engineering) , simplicity , probability distribution , parametric equation , computer science , parametric statistics , probability model , algorithm , mathematics , mathematical optimization , statistics , geometry , philosophy , epistemology
This note suggests the use of Bézier curves to model probability distributions on computers. This represents an approach completely different from the current practice, which mostly employs parametric families or piece‐wise polynomials. The Bézier curves combine simplicity and flexibility with an easy manipulation method, allowing more accurate curves to be modeled to data.