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Full-Text Articles in Statistical Models
Income Inequality Measures And Statistical Properties Of Weighted Burr-Type And Related Distributions, Meznah R. Al Buqami
Income Inequality Measures And Statistical Properties Of Weighted Burr-Type And Related Distributions, Meznah R. Al Buqami
Electronic Theses and Dissertations
In this thesis, tail conditional expectation (TCE) in risk analysis, an important measure for right-tail risk, is presented. This value is generally based on the quantile of the loss distribution. Explicit formulas of several tail conditional expectations and inequality measures for Dagum-type models are derived. In addition, a new class of weighted Burr-III (WBIII) distribution is presented. The statistical properties of this distribution including hazard and reverse hazard functions, moments, coefficient of variation, skewness, and kurtosis, inequality measures, entropy are derived. Also, Fisher information and maximum likelihood estimates of the model parameters are obtained.