3. Time EruptionWaiting timeEruption

4. Long wait Short wait

5. Long eruption Short eruption

6. Short eruption, short wait Long eruption, long wait

7. Conclusion: The longer the eruption, the longer the wait for the next one

9. http://www.worldviewofglobalwarming.org Carbon Dioxide CO 2 Temperature Carbon dioxide concentration is related to the Earth temperature

10. http://www.seed.slb.com Carbon dioxide concentration is related to the Earth temperature

11. http://www.greendiary.com Possible solution: Control CO 2 to affect temperature

12. ? Each asset can be described by the (possible) distribution of future values.

13. Asset A Asset B Portfolio (A+B) ? http://www.e-stockpro.com

14. Some processes (and random variables) are connected We can measure (or control) one process to predict (or control) another Thus, we need to a) manipulate with several random variables b) establish connections among random variables

15. Data set “Davis” from package R Outlier

16. Data set “Davis” from package R Kendall’s  = 0.36 Pearson’s r  = -0.59 Spearman’s  = 0.49

17. Kendall’s  = 0.57 Pearson’s r  = 0.9 Spearman’s  = 0.78 Old Faithful geyser data

18. Kendall’s  = 0.01 Pearson’s r  = 0.01 Spearman’s  = 0.01 Non-monotone trend