Beta Bessel distributions

DOI10.1155/IJMMS/2006/16156MaRDI QIDQ885628zbMATH OpenOpenAlexFDO

Authors Arjun K. Gupta, Saralees Nadarajah

Publication date 14 June 2007

Published in International Journal of Mathematics and Mathematical Sciences (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1155/ijmms/2006/16156

zbMATH Keywords

application to consumer price indicesgeneralization of standard beta distribution

Mathematics Subject Classification ID

Probability distributions: general theory (60E05) Characterization and structure theory of statistical distributions (62E10) Exact distribution theory in statistics (62E15) Applications of statistics to economics (62P20)

Review text

Summary: Three new distributions on the unit interval \([0,1]\) are introduced which generalize the standard beta distribution. These distributions involve the Bessel function. Expression is derived for their shapes, particular cases, and the \(n\)th moments. Estimation by the method of maximum likelihood and Bayes estimation are discussed. Finally, an application to consumer price indices is illustrated to show that the proposed distributions are better models to economic data than one based on the standard beta distribution.

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Cites work

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Cited in

(8)

• Bessel regression model: Robustness to analyze bounded data
• Modified beta distributions
• scientific article; zbMATH DE number 5138730 (Why is no real title available?)
• A multimodal beta distribution with application to economic data
• Multitude of beta distributions with applications
• AnF₁Beta Distribution with Bathtub Failure Rate Function
• A _1-beta distribution
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