Yen Liang Tung1, Zubair Ahmad2, Eisa Mahmoudi2,*
Computer Systems Science and Engineering, Vol.39, No.3, pp. 351-363, 2021, DOI:10.32604/csse.2021.014270
- 12 August 2021
Abstract The heavy-tailed distributions are very useful and play a major role in actuary and financial management problems. Actuaries are often searching for such distributions to provide the best fit to financial and economic data sets. In the current study, a prominent method to generate new distributions useful for modeling heavy-tailed data is considered. The proposed family is introduced using trigonometric function and can be named as the Arcsine-X family of distributions. For the purposes of the demonstration, a specific sub-model of the proposed family, called the Arcsine-Weibull distribution is considered. The maximum likelihood estimation method is… More >
Login
Register
