Note
Power law distributions have a well defined mean only if the exponent exceeds 1 and have a finite variance only when the exponent exceeds two. To apply the central limit theorem (and related statistics) to a power law distributed variable it is first necessary to ensure that the distribution has an exponent that exceeds 2.
Read more about this topic: Power Law
Famous quotes containing the word note:
“To note an artists limitations is but to define his talent. A reporter can write equally well about everything that is presented to his view, but a creative writer can do his best only with what lies within the range and character of his deepest sympathies.”
—Willa Cather (18761947)
“The most considerable difference I note among men is not in their readiness to fall into error, but in their readiness to acknowledge these inevitable lapses.”
—Thomas Henry Huxley (182595)
“My note to you I certainly did not expect to see in print; yet I have not been much shocked by the newspaper comments upon it. Those comments constitute a fair specimen of what has occurred to me through life. I have endured a great deal of ridicule without much malice; and have received a great deal of kindness, not quite free from ridicule. I am used to it.”
—Abraham Lincoln (18091865)