IDEAS home Printed from https://ideas.repec.org/a/ibn/ijspjl/v14y2025i1p37.html
   My bibliography  Save this article

The Kumaraswamy Log Composite Distribution Based on the Median: Inference and Applications

Author

Listed:
  • Daniel G´alvez

Abstract

In this paper a new univariate distribution with bounded support on the Kumaraswamy distribution is defined. Some of its main properties are studied, and a Monte Carlo simulation is implemented to evaluate the behavior of the maximum likelihood estimators. Two applications to real data sets are presented. In particular goodness of fit and quantile regression are show in order to illustrate the potential and flexibility of this new distribution.

Suggested Citation

  • Daniel G´alvez, 2025. "The Kumaraswamy Log Composite Distribution Based on the Median: Inference and Applications," International Journal of Statistics and Probability, Canadian Center of Science and Education, vol. 14(1), pages 1-37, April.
  • Handle: RePEc:ibn:ijspjl:v:14:y:2025:i:1:p:37
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ijsp/article/download/0/0/51516/56010
    Download Restriction: no

    File URL: https://ccsenet.org/journal/index.php/ijsp/article/view/0/51516
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pablo Mitnik & Sunyoung Baek, 2013. "The Kumaraswamy distribution: median-dispersion re-parameterizations for regression modeling and simulation-based estimation," Statistical Papers, Springer, vol. 54(1), pages 177-192, February.
    2. McDonald, James B. & Xu, Yexiao J., 1995. "A generalization of the beta distribution with applications," Journal of Econometrics, Elsevier, vol. 69(2), pages 427-428, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Delis, Manthos & Savva, Christos & Theodossiou, Panayiotis, 2020. "A Coronavirus Asset Pricing Model: The Role of Skewness," MPRA Paper 100877, University Library of Munich, Germany.
    2. BenSaïda, Ahmed & Slim, Skander, 2016. "Highly flexible distributions to fit multiple frequency financial returns," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 442(C), pages 203-213.
    3. Chotikapanich, Duangkamon & Griffiths, William E, 2002. "Estimating Lorenz Curves Using a Dirichlet Distribution," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(2), pages 290-295, April.
    4. A. B. Atkinson, 2017. "Pareto and the Upper Tail of the Income Distribution in the UK: 1799 to the Present," Economica, London School of Economics and Political Science, vol. 84(334), pages 129-156, April.
    5. Vanesa Jorda & José María Sarabia & Markus Jäntti, 2020. "Estimation of Income Inequality from Grouped Data," LIS Working papers 804, LIS Cross-National Data Center in Luxembourg.
    6. Harvey, Andrew & Palumbo, Dario, 2023. "Score-driven models for realized volatility," Journal of Econometrics, Elsevier, vol. 237(2).
    7. Mustafa Ç. Korkmaz & Emrah Altun & Morad Alizadeh & M. El-Morshedy, 2021. "The Log Exponential-Power Distribution: Properties, Estimations and Quantile Regression Model," Mathematics, MDPI, vol. 9(21), pages 1-19, October.
    8. Fabio Clementi & Mauro Gallegati & Giorgio Kaniadakis, 2010. "A model of personal income distribution with application to Italian data," Empirical Economics, Springer, vol. 39(2), pages 559-591, October.
    9. Ellina, Polina & Mascarenhas, Briance & Theodossiou, Panayiotis, 2020. "Clarifying managerial biases using a probabilistic framework," Journal of Behavioral and Experimental Finance, Elsevier, vol. 27(C).
    10. Lu Yang & Claudia Czado, 2022. "Two‐part D‐vine copula models for longitudinal insurance claim data," Scandinavian Journal of Statistics, Danish Society for Theoretical Statistics;Finnish Statistical Society;Norwegian Statistical Association;Swedish Statistical Association, vol. 49(4), pages 1534-1561, December.
    11. Duangkamon Chotikapanich & William E. Griffiths & D.S. Prasada Rao & Wasana Karunarathne, 2014. "Income Distributions, Inequality, and Poverty in Asia, 1992–2010," ADBI Working Papers 468, Asian Development Bank Institute.
    12. Fahimeh Tourani-Farani & Zeynab Aghabazaz & Iraj Kazemi, 2025. "A class of transformed joint quantile time series models with applications to health studies," Computational Statistics, Springer, vol. 40(3), pages 1147-1170, March.
    13. Lamboni, Matieyendou, 2022. "Efficient dependency models: Simulating dependent random variables," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 200(C), pages 199-217.
    14. Hajargasht, Gholamreza & Griffiths, William E., 2013. "Pareto–lognormal distributions: Inequality, poverty, and estimation from grouped income data," Economic Modelling, Elsevier, vol. 33(C), pages 593-604.
    15. Samir Saissi Hassani & Georges Dionne, 2021. "The New International Regulation of Market Risk: Roles of VaR and CVaR in Model Validation," Working Papers 21-1, HEC Montreal, Canada Research Chair in Risk Management.
    16. Vladimir Hlasny, 2021. "Parametric representation of the top of income distributions: Options, historical evidence, and model selection," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1217-1256, September.
    17. Puente-Ajovin, Miguel & Ramos, Arturo, 2015. "An improvement over the normal distribution for log-growth rates of city sizes: Empirical evidence for France, Germany, Italy and Spain," MPRA Paper 67471, University Library of Munich, Germany.
    18. Michał Brzeziński, 2013. "Parametric Modelling of Income Distribution in Central and Eastern Europe," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 5(3), pages 207-230, September.
    19. Callealta Barroso, Francisco Javier & García-Pérez, Carmelo & Prieto-Alaiz, Mercedes, 2020. "Modelling income distribution using the log Student’s t distribution: New evidence for European Union countries," Economic Modelling, Elsevier, vol. 89(C), pages 512-522.
    20. Dmitry I. Malakhov & Nikolay P. Pilnik & Igor G. Pospelov, 2015. "Stability of Distribution of Relative Sizes of Banks as an Argument for the Use of the Representative Agent Concept," HSE Working papers WP BRP 116/EC/2015, National Research University Higher School of Economics.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ijspjl:v:14:y:2025:i:1:p:37. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.