Abstract: In this letter, a highly accurate approximate approach for the sum of arbitrary correlated Weibull random variables is proposed. Specifically, closed-form approximate expressions for the ...

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Abstract: Traditionally, the uncertainty qualification is utilized with the known probability distribution function (PDF). However, in some scenarios, the PDFs of some uncertain variables are modeled ...