A general class of continuous asymmetric distributions with positive support
By: Felipe S. Quintino , Pushpa N. Rathie , Luan C. S. M. Ozelim and more
Potential Business Impact:
Helps predict rare, extreme events better.
In order to better fit real-world datasets, studying asymmetric distribution is of great interest. In this work, we derive several mathematical properties of a general class of asymmetric distributions with positive support which shows up as a unified framework for Extreme Value Theory asymptotic results. The new model generalizes some well-known distribution models such as Generalized Gamma, Inverse Gamma, Weibull, Fréchet, Half-normal, Modified half-normal, Rayleigh, and Erlang. To highlight the applicability of our results, the performance of the analytical models is evaluated through real-life dataset modeling.
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