Year: 2021
Type: preprint
Abstract: A novel approach towards construction of absolutely continuous distributions over the unit interval is proposed. Considering two absolutely continuous random variables with positive support, this method conditions on their convolution to generate a new random variable in the unit interval. This approach is demonstrated using some popular choices of the positive random variables such as the exponential, Lindley, gamma. Some existing distributions like the uniform and the beta are formulated with this method. Several new structures of density functions having potential for future application in real life problems are also provided. One of the new distributions having one parameter is considered for parameter estimation and real life modelling application and shown to provide better fit than the popular one parameter Topp-Leone model.
Source: arXiv (Cornell University)
Authors: Biswas, Aniket, Chakraborty, Subrata
Institution: Dibrugarh University
Language: English
Subfield: Statistics and Probability
Field: Mathematics
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W3119959918