Research Article

TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS

Volume: 3 Number: 2 December 31, 2021
TR EN

TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS

Abstract

In this paper, we use the structure of the standard two-sided power distribution to implement a new version of the hyperbolic secant distribution. This new distribution is more flexible than the hyperbolic secant distribution when it comes to interpreting data presenting an abrupt change in values. In the first part of the paper, we show some of its properties, such as the shape behavior of the probability density and hazard rate functions, and the analysis of moment-type measures. Then, the statistical side of the underlying model is explored. We provide the maximum likelihood estimates for the model parameters, as well as an efficient algorithm to calculate them. After this, to demonstrate the potential of the proposed modeling strategy, we present three real data applications. The beta-normal, power-normal, Kuramaswamy-normal and two-sided generalized normal distribution models are considered as competitors. The results are favorable to the proposed model.

Keywords

References

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  4. Fischer, M. (2013), Generalized hyperbolic secant distributions: with Applications to Finance, Springer.
  5. Fischer, M. and Vaughan, D. (2002), Classes of skew generalized hyperbolic secant distributions, Friedrich-Alexander-University Erlangen-Nuremberg, Chair of Statistics and Econometrics, Discussion Papers.
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  7. Gilchrist, W. (2000), Statistical modelling with quantile functions, CRC Press, Abingdon.
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Details

Primary Language

English

Subjects

Statistics

Journal Section

Research Article

Publication Date

December 31, 2021

Submission Date

October 28, 2021

Acceptance Date

November 30, 2021

Published in Issue

Year 2021 Volume: 3 Number: 2

APA
Korkmaz, M. Ç., Chesneau, C., & Marie, J. (2021). TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS. Nicel Bilimler Dergisi, 3(2), 91-117. https://doi.org/10.51541/nicel.1015997
AMA
1.Korkmaz MÇ, Chesneau C, Marie J. TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS. NBD. 2021;3(2):91-117. doi:10.51541/nicel.1015997
Chicago
Korkmaz, Mustafa Çağatay, Christophe Chesneau, and Julien Marie. 2021. “TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS”. Nicel Bilimler Dergisi 3 (2): 91-117. https://doi.org/10.51541/nicel.1015997.
EndNote
Korkmaz MÇ, Chesneau C, Marie J (December 1, 2021) TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS. Nicel Bilimler Dergisi 3 2 91–117.
IEEE
[1]M. Ç. Korkmaz, C. Chesneau, and J. Marie, “TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS”, NBD, vol. 3, no. 2, pp. 91–117, Dec. 2021, doi: 10.51541/nicel.1015997.
ISNAD
Korkmaz, Mustafa Çağatay - Chesneau, Christophe - Marie, Julien. “TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS”. Nicel Bilimler Dergisi 3/2 (December 1, 2021): 91-117. https://doi.org/10.51541/nicel.1015997.
JAMA
1.Korkmaz MÇ, Chesneau C, Marie J. TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS. NBD. 2021;3:91–117.
MLA
Korkmaz, Mustafa Çağatay, et al. “TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS”. Nicel Bilimler Dergisi, vol. 3, no. 2, Dec. 2021, pp. 91-117, doi:10.51541/nicel.1015997.
Vancouver
1.Mustafa Çağatay Korkmaz, Christophe Chesneau, Julien Marie. TWO-SIDED GENERALIZED HYPERBOLIC SECANT DISTRIBUTION WITH REAL DATA APPLICATIONS AND MODEL COMPARISONS. NBD. 2021 Dec. 1;3(2):91-117. doi:10.51541/nicel.1015997