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The Balakrishnan alpha skew truncated cauchy distribution with applications in modelling currency exchange rate

In this article, a new class of alpha skew truncated Cauchy distribution is proposed by considering Balakrishnan methodology and investigated some of its related distributions. This article also derive various properties of this distribution along with its moments. The proposed distribution is app...

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Main Authors: Shah, Sricharan, Hazarika, Partha Jyoti, Chakraborty, Subrata
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2020
Online Access:http://journalarticle.ukm.my/15952/1/22.pdf
http://journalarticle.ukm.my/15952/
http://www.ukm.my/jsm/malay_journals/jilid49bil10_2020/KandunganJilid49Bil10_2020.html
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spelling my-ukm.journal.159522020-12-10T21:20:44Z http://journalarticle.ukm.my/15952/ The Balakrishnan alpha skew truncated cauchy distribution with applications in modelling currency exchange rate Shah, Sricharan Hazarika, Partha Jyoti Chakraborty, Subrata In this article, a new class of alpha skew truncated Cauchy distribution is proposed by considering Balakrishnan methodology and investigated some of its related distributions. This article also derive various properties of this distribution along with its moments. The proposed distribution is applied in modeling currency exchange rate data with some other existing distributions, viz., skewed Cauchy distribution, skewed truncated Cauchy distribution, truncated skew Cauchy uniform distribution, doubly truncated skew Cauchy distribution, and alpha skew truncated Cauchy distribution. Based on the model selection criteria, Akaike Information Criteria (AIC) and Bayesian Information Criteria (BIC), the proposed distribution has shown significant improvement in modeling exchange rate dataset. Penerbit Universiti Kebangsaan Malaysia 2020-10 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/15952/1/22.pdf Shah, Sricharan and Hazarika, Partha Jyoti and Chakraborty, Subrata (2020) The Balakrishnan alpha skew truncated cauchy distribution with applications in modelling currency exchange rate. Sains Malaysiana, 49 (10). pp. 2565-2571. ISSN 0126-6039 http://www.ukm.my/jsm/malay_journals/jilid49bil10_2020/KandunganJilid49Bil10_2020.html
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description In this article, a new class of alpha skew truncated Cauchy distribution is proposed by considering Balakrishnan methodology and investigated some of its related distributions. This article also derive various properties of this distribution along with its moments. The proposed distribution is applied in modeling currency exchange rate data with some other existing distributions, viz., skewed Cauchy distribution, skewed truncated Cauchy distribution, truncated skew Cauchy uniform distribution, doubly truncated skew Cauchy distribution, and alpha skew truncated Cauchy distribution. Based on the model selection criteria, Akaike Information Criteria (AIC) and Bayesian Information Criteria (BIC), the proposed distribution has shown significant improvement in modeling exchange rate dataset.
format Article
author Shah, Sricharan
Hazarika, Partha Jyoti
Chakraborty, Subrata
spellingShingle Shah, Sricharan
Hazarika, Partha Jyoti
Chakraborty, Subrata
The Balakrishnan alpha skew truncated cauchy distribution with applications in modelling currency exchange rate
author_facet Shah, Sricharan
Hazarika, Partha Jyoti
Chakraborty, Subrata
author_sort Shah, Sricharan
title The Balakrishnan alpha skew truncated cauchy distribution with applications in modelling currency exchange rate
title_short The Balakrishnan alpha skew truncated cauchy distribution with applications in modelling currency exchange rate
title_full The Balakrishnan alpha skew truncated cauchy distribution with applications in modelling currency exchange rate
title_fullStr The Balakrishnan alpha skew truncated cauchy distribution with applications in modelling currency exchange rate
title_full_unstemmed The Balakrishnan alpha skew truncated cauchy distribution with applications in modelling currency exchange rate
title_sort balakrishnan alpha skew truncated cauchy distribution with applications in modelling currency exchange rate
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2020
url http://journalarticle.ukm.my/15952/1/22.pdf
http://journalarticle.ukm.my/15952/
http://www.ukm.my/jsm/malay_journals/jilid49bil10_2020/KandunganJilid49Bil10_2020.html
_version_ 1687394674314051584
score 13.211869

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