Model Perspective

Jul 12, 2024 · Fundamentals

Why Lognormal Distribution Is Key to Modeling Rainfall and Financial Data

Lognormal distribution, where a variable’s logarithm follows a normal law, offers non‑negative, right‑skewed modeling ideal for phenomena such as rainfall, river flow, asset prices, and biological sizes, and this article explains its definition, properties, and a practical rainfall‑modeling case study.