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probability distribution |
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The sampled values parameterize probability distributions, which are sampled for the simulation model. Expand the use, perhaps working jointly with other financial services firms, of software that would allow working individuals to build detailed projections of their retirement income needs; track assets from a variety of financial services providers; and perform a number of what-if scenarios, including probability distributions on key parameters, such as life expectancy or equity return. The Guide uses an interpretation of probability consistent with the Bayesian paradigm, that is, probability distributions of the [[theta]. |
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