Perfect Hemisphere Trend Realization: A Combinatorial Modification of Probability Distributions
The paper reviews creative ways to develop continuous probability models playing around the integration method and the concept of normalization. It further projects a probability distribution realized by combining two symmetric probability models that differ in shape, to produce a perfect hemisphere or half-sun trend. Normal and arcsine distributions are the root distributions used for this development. At some values of the parameter, the distribution can be right skewed; where other moments-related measures and estimation are studied as their properties, alongside simulation.
Authors
- Emwinloghosa Kenneth Guobadia
- M. N. Ugo
- K. J. Iwuchukwu
Publication Details
- Journal
- African Journal of Mathematics and Statistics Studies
- Published
- 2024-11-11
- DOI
- https://doi.org/10.52589/ajmss-k6frzigc
- Primary Topic
- Financial Risk and Volatility Modeling
- Type
- article
- Field-Weighted Citation Impact
- 0.00