Chuckle, chuckle. Greg, you are correct. The equations are the same. My only defense is that it was late at night when I posted.
As far as the statistical behavior of the events, I'm not exactly sure. I'm guessing they are random, or should be random. I want to know if they are in fact random...
OK, so if I'm understanding your equation correctly, this tranlates to:
EMA(t) = EMA(t-1)*(119/120) + s(t)/120
where s(t) = latest time gap in question (what I've noted above as "p").
From that link I mentioned above, an alternate form of the above equation (using similar terms) is:
EMA(t) =...
I'm still a little fuzzy on the terms. You've introduced a set time, 120, when talking about EMA. I thought EMA was an infinite series going back to include all terms.
Isn't the unknown term introduced alpha (0 < alpha < 1)? With the corresponding equation something like Link:
where p would...
My question sounds fairly basic, but as statistics is not my strong suit I'm asking it here.
I have an event that happens irregularly over time, similar to, but not exactly like hurricanes. I know the time and date of each event, and thus the "time gap" between events. After each new occurrence...