A method for simulating Burr type III and type XII distributions through \(L\)-moments and \(L\)-correlations (Q469805): Difference between revisions
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Property / author: Todd C. Headrick / rank | |||
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Property / author: Todd C. Headrick / rank | |||
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Summary: This paper derives the Burr Type III and Type XII family of distributions in the contexts of univariate \(L\)-moments and the \(L\)-correlations. Included is the development of a procedure for specifying nonnormal distributions with controlled degrees of \(L\)-skew, \(L\)-kurtosis, and \(L\)-correlations. The procedure can be applied in a variety of settings such as statistical modeling (e.g., forestry, fracture roughness, life testing, operational risk, etc.) and Monte Carlo or simulation studies. Numerical examples are provided to demonstrate that \(L\)-moment-based Burr distributions are superior to their conventional moment-based analogs in terms of estimation and distribution fitting. Evaluation of the proposed procedure also demonstrates that the estimates of \(L\)-skew, \(L\)-kurtosis, and \(L\)-correlation are substantially superior to their conventional product moment-based counterparts of skew, kurtosis, and Pearson correlations in terms of relative bias and relative efficiency -- most notably when heavy-tailed distributions are of concern. | |||
Property / review text: Summary: This paper derives the Burr Type III and Type XII family of distributions in the contexts of univariate \(L\)-moments and the \(L\)-correlations. Included is the development of a procedure for specifying nonnormal distributions with controlled degrees of \(L\)-skew, \(L\)-kurtosis, and \(L\)-correlations. The procedure can be applied in a variety of settings such as statistical modeling (e.g., forestry, fracture roughness, life testing, operational risk, etc.) and Monte Carlo or simulation studies. Numerical examples are provided to demonstrate that \(L\)-moment-based Burr distributions are superior to their conventional moment-based analogs in terms of estimation and distribution fitting. Evaluation of the proposed procedure also demonstrates that the estimates of \(L\)-skew, \(L\)-kurtosis, and \(L\)-correlation are substantially superior to their conventional product moment-based counterparts of skew, kurtosis, and Pearson correlations in terms of relative bias and relative efficiency -- most notably when heavy-tailed distributions are of concern. / rank | |||
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Property / Mathematics Subject Classification ID | |||
Property / Mathematics Subject Classification ID: 60E05 / rank | |||
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Property / Mathematics Subject Classification ID: 44A60 / rank | |||
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Property / zbMATH DE Number: 6368296 / rank | |||
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Property / Wikidata QID: Q58992046 / rank | |||
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Property / describes a project that uses | |||
Property / describes a project that uses: LMOMENTS / rank | |||
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Property / describes a project that uses: Mathematica / rank | |||
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Property / describes a project that uses: Spotfire / rank | |||
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Property / MaRDI profile type: MaRDI publication profile / rank | |||
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Property / full work available at URL | |||
Property / full work available at URL: https://doi.org/10.1155/2013/191604 / rank | |||
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Property / OpenAlex ID: W2128447469 / rank | |||
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Property / cites work | |||
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links / mardi / name | links / mardi / name | ||
Latest revision as of 07:20, 9 July 2024
scientific article
Language | Label | Description | Also known as |
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English | A method for simulating Burr type III and type XII distributions through \(L\)-moments and \(L\)-correlations |
scientific article |
Statements
A method for simulating Burr type III and type XII distributions through \(L\)-moments and \(L\)-correlations (English)
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11 November 2014
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Summary: This paper derives the Burr Type III and Type XII family of distributions in the contexts of univariate \(L\)-moments and the \(L\)-correlations. Included is the development of a procedure for specifying nonnormal distributions with controlled degrees of \(L\)-skew, \(L\)-kurtosis, and \(L\)-correlations. The procedure can be applied in a variety of settings such as statistical modeling (e.g., forestry, fracture roughness, life testing, operational risk, etc.) and Monte Carlo or simulation studies. Numerical examples are provided to demonstrate that \(L\)-moment-based Burr distributions are superior to their conventional moment-based analogs in terms of estimation and distribution fitting. Evaluation of the proposed procedure also demonstrates that the estimates of \(L\)-skew, \(L\)-kurtosis, and \(L\)-correlation are substantially superior to their conventional product moment-based counterparts of skew, kurtosis, and Pearson correlations in terms of relative bias and relative efficiency -- most notably when heavy-tailed distributions are of concern.
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