MARATTO

preprint

WITHDRAWN: A Flexible Discrete Generator with Mathematical Characterization, Properties, Count Statistical Modeling and Inference

Abstract

<title>Abstract</title> In this piece of work, we examine and present a completely new discrete family of distributions that we have created. Our investigation into the relevant mathematical properties and characterizations of the system makes use of both analytical and numerical methods. We focus on a particular member of this family so that we can study its theoretical foundations as well as its graphical and numerical representations. This new model contains a number of different hazard rate functions, some of which are referred to as "increasing constant," "decreasing-constant-increasing (U)," "constant," "U-constant," "decreasing," and "J-shape." In a similar vein, the model's probability mass function provides a variety of forms, all of which are helpful and practical. These forms include "asymmetric left skewed," "right skewed with wide peak," "right skewed," "bimodal," "symmetric," and "right skewed," amongst others. Each of these forms is valuable and applicable in their own way. These forms might be discovered in the probability mass function that the model generates. In this investigation, in addition to the Bayesian estimating technique under the traditional loss function of squared errors, we investigate and make use of a total of eight estimate strategies that are not founded on Bayesian theory (classical methods). Simulations employing the Markov Chain Monte-Carlo method are run in order for comparing the Bayesian way of estimation with the more traditional approach of estimating values. According to the findings that we've compiled, the estimation strategy that is referred to as maximum likelihood yields the most accurate results across the board and for all different types of sample sizes. In addition, we evaluate and contrast the various methods of estimation by making use of four distinct real dataset sets; this indicates the versatility of the unique model that we have developed.

Research topics

  • Statistical Distribution Estimation and Applications
  • Financial Risk and Volatility Modeling
  • Statistical Methods and Bayesian Inference

Read the original research

This page summarises published work. The authoritative version sits with the publisher.

DOI: 10.21203/rs.3.rs-3260799/v1

Is something wrong with this record? Report it or request removal.

Discussion

Discuss this research

Have you built on this work, tried to replicate it, or seen it applied in practice? Share what you know. Verified researchers and MARATTO™ domain experts can open a discussion, and any member can reply. Contributions are reviewed before they appear.

No discussion yet. Open the first thread.