The Benktander type II distribution, also called the Benktander distribution of the second kind, is one of two distributions introduced by Gunnar Benktander to model heavy-tailed losses commonly found in non-life/casualty actuarial science, using various forms of mean excess functions. This distribution is "close" to the Weibull distribution. (Wikipedia).
Playing with Power: P-Values Pt 3: Crash Course Statistics #23
We're going to finish up our discussion of p-values by taking a closer look at how they can get it wrong, and what we can do to minimize those errors. We'll discuss Type 1 (when we think we've detected an effect, but there actually isn't one) and Type 2 (when there was an effect we didn't
From playlist Statistics
Risk Management Lesson 6A: VaR Back-testing, Basel II-III and the Fence Paradox
This is the first part of Lesson 6. Topics: - VaR Back-testing - Introduction to Basel II-III - The Fence Paradox Reading about the Fence Paradox: https://www.dropbox.com/s/5a3vpgl0g880srt/FenceParadox.pdf About the Basel Framework, if you do not have the book by Hull, which we use as a
From playlist Risk Management
I recently uploaded 200 videos that are much more concise with excellent graphics. Click the link in the upper right-hand corner of this video. It will take you to my youtube channel where videos are arranged in playlists. In this older video: understanding Power and Type II Error and be
From playlist Older Statistics Videos and Other Math Videos
Type I and Type II error (Part IV of Intro to Statistics)
What are type I and type II errors in hypothesis tests? What they are, and ways to avoid them. 00:00 Intro 00:19 Definition of Type I and Type II Error 00:38 An example 00:56 Table of decision errors 04:4 Examples of Confidence Intervals and Type II Errors 08:12 Comparison of Errors with
From playlist Intro to Statistics
Type I versus II error and power (FRM T2-13)
[My xls is here http://trtl.bz/2GldhxM] Type I error mistakenly rejects the true null. The Type II error mistakenly accepts a false null. Significance, α, is the desired Prob[Type I error]. Power is 1 - β = 1 - Prob[Type II error] but is more difficult to compute because, while there is on
From playlist Quantitative Analysis (FRM Topic 2)
This levitron manufactured by my friend İzzet Özgöçmen. We enjoyed playing with it.
From playlist Izzet Özgöçmen
Kaggle Live Coding: Implementing Text Cluster Visualizations | Kaggle
This week we'll be implementing some text cluster visualization methods based on the visualization and summarization research we looked at a couple weeks ago. Come join! Link to notebook: https://www.kaggle.com/rtatman/forum-post-embeddings-clustering SUBSCRIBE: https://www.youtube.com/c
From playlist Kaggle Live Coding | Kaggle
Excel Magic Trick #243: MEAN MEDIAN MODE STDEV Histogram
Download Excel Start File: h https://people.highline.edu/mgirvin/YouTubeExcelIsFun/EMT233-245.xls Download Excel Finished File: https://people.highline.edu/mgirvin/YouTubeExcelIsFun/EMT233-245Finished.xls Full Page With All File Links: https://people.highline.edu/mgirvin/YouTubeExcelIsFun/
From playlist Excel Series: Magic Tricks (2nd 200 videos)
MIT 5.08J Biological Chemistry II, Spring 2016 Instructor: Elizabeth Nolan View the complete course: https://ocw.mit.edu/5-08JS16 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63vvR4xtexZdoPywRYIZI0- Today's lecture continues with discussions of the substrates for Gro
From playlist MIT 5.08J Biological Chemistry II, Spring 2016
Nexus Trimester - Arkadev Chattopadhyay (TIFR)
Topology matters in communication Arkadev Chattopadhyay February 11, 2016 Abstract: We study communication cost of computing functions when inputs are distributed among k processors, each of which is located at one vertex of a network/graph called a terminal. Every other node of the netwo
From playlist Nexus Trimester - 2016 - Distributed Computation and Communication Theme
Intro to Power and Type II Error with Hypothesis Test of a Mean
An excellent visual and audio explanation of the concepts of Type I and Type II Error. Subscribe to my youtube channel and see more than 200 Statistics videos arranged by playlist
From playlist Unit 8: Hypothesis Tests & Confidence Intervals for Single Means & for Single Proportions
