Difference between revisions of "Barbell Distribution"
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== Definition == | == Definition == | ||
| − | '''Barbell distribution''' is an informal name given to any [[Distribution]] that exhibits a range that seems to be a composite of two extreme (separated) domains. A more formal name is [[wikipedia:Multimodal distribution | Bimodal distribution]] | + | '''Barbell distribution''' is an informal name given to any [[Probability Distribution]] that exhibits a range that seems to be a composite of two extreme (separated) domains. A more formal name is [[wikipedia:Multimodal distribution | Bimodal distribution]] |
== Issues and Challenges == | == Issues and Challenges == | ||
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* Modelling multimodal distributions is generally more complex (involves large number of parameters) | * Modelling multimodal distributions is generally more complex (involves large number of parameters) | ||
| − | [[Category: | + | [[Category:Probability]] |
| + | [[Category:Statistics]] | ||
Latest revision as of 13:56, 18 October 2021
Definition
Barbell distribution is an informal name given to any Probability Distribution that exhibits a range that seems to be a composite of two extreme (separated) domains. A more formal name is Bimodal distribution
Issues and Challenges
- In the context of the distribution of Credit Portfolio characteristics a barbell distribution may involve risk patterns that are not visible in aggregates / averages
- Modelling multimodal distributions is generally more complex (involves large number of parameters)
