Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Suzanne is a content marketer, writer, and fact-checker.

A random variable that can take only a certain specified set of individual possible values-for example, the positive integers 1, 2, 3, . . . For example, stock prices are discrete random variables, ...

A Bayes procedure for classifying an observation consisting of one dichotomous variable (X) and a continuous vector Y is applied to a model assuming that the conditional distribution of Y given X is ...