Log-normal Distribution Simply Explained
Last Updated on August 28, 2023 by Editorial Team
Author(s): Egor Howell
Originally published on Towards AI.
A slight modification of the famous normal distribution
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Photo by James Yarema on Unsplash
The normal distribution is a household name, particularly in the fields of data science and machine learning. However, have you heard of the log-normal distribution? It has applications in a wide range of industries, from Biology to Finance, therefore, it’s a very useful concept for Data Scientists to understand. In this article, we will delve into the theory and applications of this distribution.
The log-normal distribution is relatively easy to understand. A random variable X is part of the log-normal distribution if its logarithm is… Read the full blog for free on Medium.
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