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The generalized Pareto distribution has a support which is either bounded below only, or bounded both above and below; The metalog distribution, which provides flexibility for unbounded, bounded, and semi-bounded support, is highly shape-flexible, has simple closed forms, and can be fit to data using linear least squares.
For example, 5 is a lower bound for the set S = {5, 8, 42, 34, 13934} (as a subset of the integers or of the real numbers, etc.), and so is 4. On the other hand, 6 is not a lower bound for S since it is not smaller than every element in S. 13934 and other numbers x such that x ≥ 13934 would be an upper bound for S.
A real-valued function is bounded if and only if it is bounded from above and below. [ 1 ] [ additional citation(s) needed ] An important special case is a bounded sequence , where X {\displaystyle X} is taken to be the set N {\displaystyle \mathbb {N} } of natural numbers .
In particular, every subset Y of X is bounded above by X and below by the empty set ∅ because ∅ ⊆ Y ⊆ X. Hence, it is possible (and sometimes useful) to consider superior and inferior limits of sequences in ℘(X) (i.e., sequences of subsets of X). There are two common ways to define the limit of sequences of sets. In both cases:
In probability theory, Popoviciu's inequality, named after Tiberiu Popoviciu, is an upper bound on the variance σ 2 of any bounded probability distribution. Let M and m be upper and lower bounds on the values of any random variable with a particular probability distribution. Then Popoviciu's inequality states: [1]
The central question to be posed is the nature of the intersection over all the natural numbers, or, put differently, the set of numbers, that are found in every Interval (thus, for all ). In modern mathematics, nested intervals are used as a construction method for the real numbers (in order to complete the field of rational numbers).