Poisson Distribution

Introduction to Poisson Distribution #1

Poisson Distribution curve is one of the most used statistical methods used for predicting event occurrence probability based on historical data of said event. Corporations use the Poisson distribution to predict sales for a financial quarter based on sales of the previous three quarters. Meteorologists use historical data to predict weather patterns for the upcoming year. Probability Mass Function The probability mass function of the distribution is given by the… Read More »Introduction to Poisson Distribution #1