Why might the exponential family of distributions be important?
In other words, if areal-world application turned...
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Why might the exponential family of distributions be important?In other words, if areal-world application turned out to have adistribution which is of this family, what interesting results orconvenient truths might that bring to the table?
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Exponential family is the biggest family of distributions and thus giving it a base for majority of the real life problems related to statistics Most of the commonly used distributions form an exponential family or subset of an exponential family are normal exponential
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