A simple probabilistic model describing the service strategy in tennis is given. It is suggested that the usual strategy may not be optimal in all cases. Examples from a recent professional tennis ...

Traders in bonds and credit default swaps are bombarded with information on the default probabilities implied by credit spreads using a simple ratio. This ratio predicts that the credit spread will be ...

The key idea behind the probabilistic framework to machine learning is that learning can be thought of as inferring plausible models to explain observed data. A machine can use such models to make ...

What Is A Probabilistic Model? A probabilistic model is a statistical tool that accounts for randomness or uncertainty when predicting future events. Instead of giving a definitive answer, it ...

This is a preview. Log in through your library . Abstract One of the difficult decisions facing managers responsible for maintaining motor vehicle and construction equipment fleets is whether or not ...