A simple and efficient method for finding the closest generalized lambda distribution to a specific model

The four-parameter Generalized Lambda distribution (GLD) can be used to approximate many probability distributions. We present a simple and efficient two-stage process for finding optimal GLD parameters to approximate a specified distribution. The probability density quantile function is first used...

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Bibliographic Details
Main Authors: Dilanka S. Dedduwakumara, Luke A. Prendergast, Robert G. Staudte
Format: Article
Language:English
Published: Taylor & Francis Group 2019-01-01
Series:Cogent Mathematics & Statistics
Subjects:
Online Access:http://dx.doi.org/10.1080/25742558.2019.1602929