An economy is a dynamic system where new companies are constantly created, divisions and mergers take place and bankruptcies occur. A theoretical question arises if there is some kind of ’optimum’ or ’final’ steady-state distribution of company sizes or is it all based on random...
Open access
Research Article10.9734/JEMT/2017/36828
Empirical forecasting is the science of using past data to predict the future, without physical modeling. For these, probability functions are used, normally bell-shaped Gaussian or Gaussian- like. Taleb in his book the Black Swan introduces for this purpose the concept of scalab...
Open access
Research Article10.9734/BJMCS/2016/28107