Java Data Analysis

Java example

In Figure 3-11, we simulated a time series using random integers for the event times. To properly simulate events occurring at random times, we should instead use a process that generates timestamps whose elapsed time between events is exponentially distributed.

The CDF for any probability distribution is an equation that relates the probability P = F(t) to the independent variable t. A simulation uses random numbers that represent probabilities. Therefore, to obtain the corresponding time t for a given random probability P, we must solve following the equation for t:

That is:

Here, y = ln(x) is the natural logarithm, which is the inverse ...