In which we discuss what a Poisson data-generating process is, the similarity in the"questions" each distribution answers, their similar parameters, and finally two interesting notes on the exponential distribution itself.
0:10 Poisson Data-Generating Process Intro
0:40 Memoryless
1:00 estimating the binomial
1:40 Questions answered by each
2:19 Random Variable of each
3:20 Parameters of each
4:55 Exponential is Gamma
5:17 Exponential is geometric
6:04 conclusion
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