A link between two-sided power and asymmetric Laplace distributions: with applications to mean and variance approximations

DOI10.1016/J.SPL.2004.11.019MaRDI QIDQ2483864zbMATH OpenOpenAlexFDO

Authors Samuel Kotz, J. R. van Dorp

Publication date 1 August 2005

Published in Statistics \& Probability Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.spl.2004.11.019

zbMATH Keywords

beta distributionbounded supporttriangular distributiontwo-sided power distributionlower and upper quantilesPERT model refinementrisk and uncertainty assessmentthree-point approximations

Mathematics Subject Classification ID

Probability distributions: general theory (60E05) Large deviations (60F10) Extreme value theory; extremal stochastic processes (60G70)

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Cites work

• scientific article; zbMATH DE number 1525329 (Why is no real title available?)
• scientific article; zbMATH DE number 2164735 (Why is no real title available?)
• scientific article; zbMATH DE number 194921 (Why is no real title available?)
• Application of a technique for research and development program evaluation
• Approximate means and standard deviations based on distances between percentage points of frequency curves
• Asymmetric Laplace laws and modeling financial data
• Better Estimation of PERT Activity Time Parameters
• Estimation of the Pareto law from underreported data. A further analysis
• Improved moment-estimation formulas using more than three subjective fractiles
• Practical Use of Distributions in Network Analysis
• Three-Point Approximations for Continuous Random Variables

Cited in

(8)

• The two-sided power distribution for the treatment of the uncertainty in PERT
• Connecting distributions with power tails on the real line, the half line and the interval
• Quantile regression under asymmetric Laplace distribution in capital asset pricing model
• The generalized two-sided beta distribution with applications in project risk analysis
• Modeling heavy-tailed, skewed and peaked uncertainty phenomena with bounded support
• Creating new distributions by blunting cusps
• A Three-Parameter Asymmetric Laplace Distribution and Its Extension
• The robustness of mean and variance approximations in risk analysis

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