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[1] [2] A random sequence of events, symbols or steps often has no order and does not follow an intelligible pattern or combination. Individual random events are, by definition, unpredictable, but if there is a known probability distribution, the frequency of different outcomes over repeated events (or "trials") is predictable.
The Western Electric Company used the term natural pattern. [2] Shewhart called a process that features only common-cause variation as being in statistical control. This term is deprecated by some modern statisticians who prefer the phrase stable and predictable.
The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The term is based on a Latin expression which presumed that black swans did not exist. The expression was used until ...
A numeric sequence is said to be statistically random when it contains no recognizable patterns or regularities; sequences such as the results of an ideal dice roll or the digits of π exhibit statistical randomness. [1] Statistical randomness does not necessarily imply "true" randomness, i.e., objective unpredictability.
The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if an event (whose occurrences are independent and identically distributed) has occurred less frequently than expected, it is more likely to happen again in the future (or vice versa).
Male pattern baldness follows a fairly predictable pattern, with the hairline receding in stages. This process usually shows up as balding at the crown of the head and a band of hair visible ...
Chaotic systems are predictable for a while and then 'appear' to become random. The amount of time for which the behavior of a chaotic system can be effectively predicted depends on three things: how much uncertainty can be tolerated in the forecast, how accurately its current state can be measured, and a time scale depending on the dynamics of ...
Data Source: Investor relations. Over the last year, Nvidia's data center businesses has decelerated significantly.At the same time, AMD's data center business has evolved from essentially nothing ...