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Glossaryləˈplɑːs dɪstrɪˈbjuːʃ(ə)n
Laplace Distribution
ləˈplɑːs dɪstrɪˈbjuːʃ(ə)n

A type of continuous distribution modelling the likelihood of extreme outcomes. Generally bell-shaped with one sharp peak. The curve drops exponentially on both sides of the sharp tip.

Laplace Distribution