Discover normal distribution—a critical concept in finance—and its key properties, formula, and real-world applications. Learn how it impacts financial decision-making.

Gaussian distribution is a statistical concept that is also known as the normal distribution. For a given set of data, the normal distribution puts the mean (or average) at the center and standard ...

The paper extends earlier work on the so-called skew-normal distribution, a family of distributions including the normal, but with an extra parameter to regulate skewness. The present work introduces ...