what does Poisson-distributed randomness look like?
Events generated by Poisson processes or amenable to the small-p binomial approximation look like Poisson. Events not amenable to the small-p approximation look Gaussian. Extreme value measurements (flood water levels, auction prices) look Weibull, Fréchet or Gumbel.
Appropriate statistical methodologies are appropriate. sigh
Events generated by Poisson processes or amenable to the small-p binomial approximation look like Poisson. Events not amenable to the small-p approximation look Gaussian. Extreme value measurements (flood water levels, auction prices) look Weibull, Fréchet or Gumbel.
Appropriate statistical methodologies are appropriate. sigh