An \(L\)-moment-based analog for the Schmeiser-Deutsch class of distributions (Q1954389): Difference between revisions

Summary: We characterize the conventional moment-based Schmeiser-Deutsch (S-D) class of distributions through the method of \(L\)-moments. The system can be used in a variety of settings such as simulation or modeling various processes. A procedure is also described for simulating S-D distributions with specified \(L\)-moments and \(L\)-correlations. The Monte Carlo results presented in this study indicate that the estimates of \(L\)-skew, \(L\)-kurtosis, and \(L\)-correlation associated with the S-D class of distributions are substantially superior to their corresponding conventional product-moment estimators in terms of relative bias-most notably when sample sizes are small.