The empirical probability
of the occurrence of the events is determined as the ratio between the number of type A events that happened and the total number of observed events.
Of these, 392 were nonzero values, resulting in an empirical probability
The model used is based on an iterative, stochastic, Monte Carlo simulation process that relies on empirical probability
distributions to generate random outputs.
9) Each cell in Table 2 lists the empirical probability
of victory for a team with quality (i.
Forth is keener on the ebu gogo's empirical probability
, and the remainder of the chapter is concerned with report-like recounting of minute detail of different versions of the same narrative, comparison with different versions of related narratives, and analysis based on ethno-linguistic material and genealogical calculations as to when this event took place: before, after, or simultaneously with a volcanic eruption in 1830.
Our goal in this study is to expand on this earlier work by calculating the empirical probability
of detecting lynx based on snow-track surveys in areas of known presence.
Examples include Good and Mayer (1975) and Chamberlain and Rothchild (1981); see Gelman, Katz, and Bafumi (2004) for a review of such methods and their relation to computing the empirical probability
Assumption 4, which implies that the distribution of the default time [tau] will remain the same under the empirical probability
measure P and the martingale measure Q, is required to allow the use of databases containing information about default probabilities in our empirical analysis.
The scientists propose the curious difference between pigeon and human behaviour might be rooted in the difference between classical and empirical probability
The first column in the table presents the return intervals considered, the second column shows the theoretical probability of occurrence for a normal distribution, and the remaining columns illustrate the empirical probability
of the occurrence based on the relative frequency in the empirical data.
With this distribution, one can compute the empirical probability
of erring by more than a desired quantity.
For the solution of our empirical data-based model, the transformation of the empirical probability
measure to the equivalent martingale measure is done via CAPM risk adjustment (see Ingersoll, 1987, chapter 4).