A practical application of a geometric series [1].
Before my study of statistical distributions I once re-invented the Poisson distribution. It took one look of my physicist colleague to give everyone a good laugh. That was the moment I decided an economists needs more than linear models, the normal distribution and some non-parametric tests.
Before my study of statistical distributions I once re-invented the Poisson distribution. It took one look of my physicist colleague to give everyone a good laugh. That was the moment I decided an economists needs more than linear models, the normal distribution and some non-parametric tests.
[1] https://en.m.wikipedia.org/wiki/Geometric_series