Truncated Family of Distributions with Applications to Time and Cost to Start a Business

Ayman Alzaatreh, Mohammad A. Aljarrah, Michael Smithson, Saman Hanif Shahbaz, Muhammad Qaiser Shahbaz, Felix Famoye, Carl Lee

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

The time and cost to start a business are highly related to the degree of transparency of business information, which strongly impacts the loss due to illicit financial flows. In order to study the distributional characteristics of time and cost to start a business, we introduce right-truncated and left-truncated T-X families of distributions. These families are used to construct new generalized families of continuous distributions. Relationships between the families are investigated. Real data sets including time and cost to start a business are analyzed and the results show that the truncated families perform very well for fitting highly skewed data.

Original languageEnglish
Pages (from-to)5-27
Number of pages23
JournalMethodology and Computing in Applied Probability
Volume23
Issue number1
DOIs
StatePublished - Mar 2021

Keywords

  • Distribution shape
  • Generalized distributions
  • Quantile function
  • Transparency

Fingerprint

Dive into the research topics of 'Truncated Family of Distributions with Applications to Time and Cost to Start a Business'. Together they form a unique fingerprint.

Cite this