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Discrete random variable |
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Discrete random variableA random variable that can take only a certain specified set of individual possible values-for example, the positive integers 1, 2, 3, . . .Discrete random variable Similar MatchesDiscrete variableDiscrete variableVariable like 1, 2, 3. Bond ratings are examples of discrete classifications. Discrete timeDiscrete timeThe division of time into indivisible units. In economic models, these units represent periods, such as days, quarters, or years. Discrete compoundingDiscrete compoundingCompounding the time value of money for separate time intervals. |
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