Approximation of Stable and Geometric Stable Distribution

Hassan Fallahgoul (), S. M. Hashemiparast, Young Shin Kim, Svetlozar T. Rachev and Frank Fabozzi ()

Journal of Statistical and Econometric Methods, 2012, vol. 1, issue 3, 8

Abstract: Although there has been increased interest in the application of the stable and geometric stable distributions in economics and finance, further application has been limited because their probability density function does not have an explicit solution. In this paper, we present three analytic approximation methods — homotopy perturbation method, Adomian decomposition method, and variational iteration method — to resolve this problem.

Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.scienpress.com/Upload/JSEM%2fVol%201_3_8.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spt:stecon:v:1:y:2012:i:3:f:1_3_8

Access Statistics for this article

More articles in Journal of Statistical and Econometric Methods from SCIENPRESS Ltd
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().