18. Gamma Distribution and its Moment Generating Function (MGF)

In this video, we will discuss the Gamma distribution in detail. Firstly we are talking about its relation with the Negative Binomial distribution and Exponential distribution. Then by using Poisson distribution, we have derived its probability density function. Then mgf, from the mgf, we have derived different moments. We have also talked about its shape according to various parameters. In the end, we solved one example. We have explained all these in an intuitive and logical way along with simple, concrete, and real-life examples.

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