EconPapers    
Economics at your fingertips  
 

Tsallis–Mittag-Leffler distribution and its applications in gas prices

Hamzeh Agahi and Mohsen Alipour

Physica A: Statistical Mechanics and its Applications, 2020, vol. 541, issue C

Abstract: The theory of Mittag-Leffler process is a fundamental concept in probability and stochastic process. This paper introduces the class of Tsallis–Mittag-Leffler distributions. In special case, our results include a new Tsallis q-Weibull distribution, one-parametric Mittag-Leffler distribution and some other well-known distributions. Finally, to illustrate the applicability of our distribution, a real data set on gas prices in time series data based on 100 days moving average is analyzed.

Keywords: Probability density function; Gas prices; Tsallis–Mittag-Leffler distribution; Mittag-Leffler distribution; Tsallis q-Weibull distribution (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0378437119320497
Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000

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:eee:phsmap:v:541:y:2020:i:c:s0378437119320497

DOI: 10.1016/j.physa.2019.123675

Access Statistics for this article

Physica A: Statistical Mechanics and its Applications is currently edited by K. A. Dawson, J. O. Indekeu, H.E. Stanley and C. Tsallis

More articles in Physica A: Statistical Mechanics and its Applications from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:phsmap:v:541:y:2020:i:c:s0378437119320497