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Construction and Interpretation of P-P Plots A P-P plot compares the empirical cumulative distribution function (ecdf) of a variable with a specified theoretical cumulative distribution function F(·).
By using one of the common stock probability distribution methods of statistical calculations, an investor may determine the likelihood of profits from a holding.
The plot shows a symmetric distribution with observations concentrated 6.9 and 7.1. The plot also shows that only a small percentage (<5%) of the observations are below the lower specification limit ...
Probability density function is a statistical expression defining the likelihood of a series of outcomes for a continuous variable, such as a stock or ETF return.
However, waterfall plots are often assessed heuristically in practice with lack of statistical rigor. In this work, we examine the correspondence between the waterfall plot and the empirical ...