Forecasting for any small business involves guesswork. You know your business and its past performance, but you may not be comfortable predicting the future. Using Excel is a great way to perform what ...

Probabilists are often facing the task to determine the asymptotic behavior of a given sequence of random variables, more precisely, to prove its convergence (in a suitable sense) to a limiting ...

Random number generation is an essential feature in Excel, allowing users to perform tasks such as simulations, creating test datasets, or experimenting with spreadsheet models. Excel provides three ...

Researcher at the Cluster of Excellence Mathematics finds an approach that can be used flexibly Whether it’s physical phenomena, share prices or climate models – many dynamic processes in our world ...

Stochastic differential equations (SDEs) and random processes form a central framework for modelling systems influenced by inherent uncertainties. These mathematical constructs are used to rigorously ...