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Article: Identifying the generating distribution of business and economics data: an empirical method.
- Article from:
- Journal of Academy of Business and Economics
- Article date:
- March 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 International Academy of Business and Economics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ABSTRACT
A general framework for empirically identifying familial membership within the Pearson system of distributions is proposed. Specifically, the research addresses the problem of constructing a point and a non-parametric confidence interval estimate of familial membership. Unlike most identification procedures that require the data to support or negate membership in a specific hypothesized family, e.g., Chi-Square and Empirical Distribution Function goodness of fit, the presented approach uses bootstrap re-sampling techniques to help identify the likely generating family of the data.
1. INTRODUCTION
The study of systems of probability ...