Theory & Methods: A Starship Estimation Method for the Generalized λ Distributions

No Thumbnail Available
File version
Author(s)
King, Robert
MacGillivray, H.
Griffith University Author(s)
Primary Supervisor
Other Supervisors
Editor(s)
Date
1999
Size
File type(s)
Location
License
Abstract

A development of the ‘starship’ method (Owen, 1988), a computer intensive estimation method, is presented for two forms of generalized λ distributions (gλd). The method can be used for the full parameter space and is flexible, allowing choice of both the form of the generalized λ distribution and of the nature of fit required. Some examples of its use in fitting data and approximating distributions are given. Some simulation studies explore the sampling distribution of the parameter estimates produced by this method for selected values of the parameters and consider comparisons with two other methods, for one of the gλd distributional forms, not previously so investigated. In the forms and parameter regions available to the other methods, it is demonstrated that the starship compares favourably. Although the differences between the methods, where available, tend to disappear with largersamples, the parameter coverage, flexibility and adaptability of the starship method make it attractive. However, the paper also demonstrates that care is needed when fitting and using such quantile‐defined distributional families that are rich in shape, but have complex properties.

Journal Title

Australian and New Zealand Journal of Statistics

Conference Title
Book Title
Edition
Volume

41

Issue

3

Thesis Type
Degree Program
School
Publisher link
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
Rights Statement
Item Access Status
Note
Access the data
Related item(s)
Subject

Statistics

Econometrics

Persistent link to this record
Citation
Collections