How are normal distribution and t distribution implemented in statistics? How do Data Scientists use these in real life?

The normal distribution and t-distribution are two of the most commonly used probability distributions in statistics. They are used to model the distribution of continuous variables, such as heights, weights, and test scores, and are essential tools for data scientists in analyzing and interpreting data. The Normal Distribution: The normal distribution is a continuous probability […]

How do Data Scientists use Black-Scholes model on ClickHouse?

The Black-Scholes model is a mathematical formula used to estimate the price of European-style options, which are financial contracts that give the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specified time period. The formula was developed by Fischer Black and Myron Scholes […]