An Excellent Book, from Victor Niederhoffer
Statistical Modeling with Quantile Functions by Warren Gilchrist tells you how to look at models from the standpoint of the probability that the value x will be <= to a value Y such that the probability is a quantile like 95%. i.e. the when will the cumulative distribution be equal to a quantile. It explains all the uses for quantiles in modeling including bivariate modeling in a very simple way. An excellent non-parametric way of looking at things. Accessible to anyone with a love of statistics, an intro class, and a pencil and paper.
Comments
Andre on March 28, 2017 9:27 am
should an eagle pity the pigeons?